Date:25/12/2007 URL: http://www.thehindu.com/2007/12/25/stories/2007122550851500.htm

Business - Briefly

Pride Hotels plans initial public offering

CHENNAI: Pride Hotels has announced that it plans to tap the market in the first quarter of 2008 to meet its Rs. 340 crore expansion plan. It proposes to set up hotels in Mumbai, Goa, Bangalore and Alibaug (Maharashtra). At present, it has presence in Pune, Nagpur, Ahmedabad and Chennai, according to a release.