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INKING A HOSPITALITY DEAL (writing instruments maker Luxor Group diversifies, acquires Hotel Qutub in Delhi from ITDC for Rs35.7 crore).

Asia Africa Intelligence Wire

| September 29, 2002 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From India Business Insight)

The Luxor Group, which manufactures Parker and Papermate brands of writing instruments and its own brand of Luxor pens, has bought the ailing Hotel Qutub in New Delhi for Rs35.7 crore from India Tourism Development Corporation (ITDC).

The group plans to diversify into the …

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