TBO Tek Shares surge nearly 53% in market debut
Shares of TBO Tek experienced a remarkable debut on May 15, closing with a significant premium of nearly 53% over their issue price of Rs 920. On the BSE, it peaked at Rs 1,455.95 during the day, a 58.25% rise, before closing at Rs 1,404.85, up by 52.70%. Similarly, on the NSE, they ended the day at Rs 1,404, reflecting a 52.60% increase. The company’s market valuation reached Rs 15,254.96 crore.
And the Story Continues to represent Starhotels in India
And the Story Continues will be handling Sales & Marketing activities in India for the Italian hotel Group Starhotels. The group vaunts 30 hotels and luxury apartments with more than 4,200 rooms. And the Story Continues – Founded by Tekla Maira, will support Starhotels increasing awareness and growing business within the Indian market.
Ladun Investment partners with Cheval Collection
Ladun Investment Company signed a partnership agreement with Cheval Collection featuring numerous contracts for the construction and operation of CHEVAL LADUN LIVING – a tower featuring luxury hotel apartments situated on King Fahd Road (near King Abdullah Financial Centre) in Riyadh. The signing took place during the Future Hospitality Summit in Riyadh.
Sofitel Al Hamra Beach Resort opens in Ras Al Khaimah
Sofitel Al Hamra Beach Resort, under the holding company Al Hamra Real Estate Development LLC, is poised to epitomize luxury on the shores of Ras Al Khaimah, as it officially opened its doors on May 13, 2024. The Sofitel Al Hamra Beach Resort offers 292 rooms, ranging from the Classic King to the Luxury Double categories.
#FIRST OPINION
“We are delighted to announce the signing of Crowne Plaza Resort Nepalgunj, further expanding IHG’s presence in Nepal. The strategic location of the hotel will provide us with a great opportunity to offer world-class premium hospitality and cater to the demands of our guests across leisure, business and blended travel. The signing represents a strategic milestone in IHG’s expansion into South West Asia.”
Sudeep Jain,
Managing Director, South West Asia, IHG Hotels & Resorts
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