Hospitality firm CGH Earth is looking at raising Rs 350 crore through private equity to fund its long-term investment plans, which include setting up 30 new resorts by 2012. CGH Earth may also tap the stock markets through the IPO route.
The company, which presently owns and manages 10 leisure resorts and hotels in South India, is looking at expanding in other parts of the country and is in the process of identifying possible locations in North.
Dominic , CEO, said the company would set up 10 new resorts in Kerala, Karnataka and Tamil Nadu in the current fiscal and would look at expansion in Northern part of the country by next year.
Read more in The Economic Times article.
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