Shares DB Realty jumped over 8% and touched the day's high of Rs87.90,after the Shahid Balwa and Vinod Goenka promoted firm plans to sell its Hilton Hotel in Mumbai for about Rs400 crore, sources said.
DB Hospitality owns the 171-room five-star Hilton hotel in Mumbai. Its contract with Hilton ends in 2013.
The company is in talks with the Apeejay Surrendra Group, which owns Park Hotels, sources said. The Apeejay Group is keen to have a second hotel in Mumbai.
Both DB Realty and Park Hotel refused to comment on the story.
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DB Hospitality owns the 171-room five-star Hilton hotel in Mumbai. Its contract with Hilton ends in 2013.
The company is in talks with the Apeejay Surrendra Group, which owns Park Hotels, sources said. The Apeejay Group is keen to have a second hotel in Mumbai.
Both DB Realty and Park Hotel refused to comment on the story.
....more info