IFC proposes an equity investment of $21 million in Gurgaon-based Samhi Hotels which is executing an expansion project, including to develop/acquire hotel assets across India including in Tier I and Tier II centres, at a total cost of $84 million. The estimated equity investment in the project would be $38 million with balance $46 million to be funded through debt. The existing PE investors in Samhi include Blue Chandra Pte Ltd, a subsidiary of Equity International Fund V, which holds 75% and GTI Capital Alpha Private Limited which holds 25%.
Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India. Click Here to view our products list including the Free Deal Digest Weekly: India's First & Most Exhaustive Transactions Newsletter.