
Midscale play: Taj owner to buy 51% in Clarks for Rs 204 crore
MUMBAI: Tata Group‘s flagship hospitality arm, The Indian Hotels Company, (IHCL) is set to acquire a controlling stake in midscale chain Clarks, strengthening its play in the country where tourism and business travel are rapidly growing. IHCL, known for the Taj chain, will buy 51% each in ANK Hotels and Pride Hospitality for a total…