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NEW DELHI, July 1 Asia Pulse - Armed with a Rs 6.5 billion fund ($US141.3 million) for acquisitions, the Tata group's Indian Hotels Company said today it would open a Taj exotica resort in Mauritius.
It would also open a luxury serviced apartment block in Mumbai and a Taj hotel in Gwalior and Kovalam respectively.
"We raised US $150 million in Foreign Currency Convertible Bond in February this year. The fund will largely be used for acquisitions. With this, we will also venture into luxury serviced apartments in India," Indian Hotels Company Managing Director ...