When Orient-Express Hotels Ltd – the Bermuda-based firm that owns 45 hotels, cruise and luxury rail businesses across 22 countries – rebuffed a $1.2-billion takeover bid from Indian Hotels Co (IHC) Ltd recently, dubbing it “financially unattractive,” the snub may well have bruised India’s second largest hotel chain owner Ratan Naval Tata’s ego.
India's Industrialist Ratan Tata to Retire
India's Industrialist Ratan Tata to Retire
India's Industrialist Ratan Tata to Retire
When Orient-Express Hotels Ltd – the Bermuda-based firm that owns 45 hotels, cruise and luxury rail businesses across 22 countries – rebuffed a $1.2-billion takeover bid from Indian Hotels Co (IHC) Ltd recently, dubbing it “financially unattractive,” the snub may well have bruised India’s second largest hotel chain owner Ratan Naval Tata’s ego.