Indian Hotels shares dip

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.