23rd Jan 2009 - 00:00
Abstract
The India Hospitality Corporation has had its funding increased to $4 million allowing it to forge ahead with expansion plans for its air catering business.
The management at IHC said it is also in advanced discussions with several institutional investors to raise additional funds for the company for growth of its hotel management and restaurant business. Chief Executive Officer Ravi Deol explained more: "We believe additional capital will allow us to leverage the growth opportunities that exist across the air catering, hotel management and restaurant business in India."