Indian Hotels shares dip

Shares in Tata-owned Indian Hotels fell on a lease revision report.

Written by Agencies | Published: January 4, 2012 12:49 pm

Shares in Tata-owned Indian Hotels fell as much as 2.7 per cent on a newspaper report that the New Delhi Municipal Council (NDMC) has appointed a financial adviser to select a partner for operating the Taj Mansingh Hotel.

Indian Hotels has been managing the property for 33 years.

Accoding to the report,the lease expired last October and NDMC renewed it on a short-term basis.

At 11.32 am,shares were at 58.20 rupees,down 1.2 per cent.

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