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Temasek exits its oldest Indian hospitality bet, takes a steep haircut

By Ankit Agarwal

  • 15 Jul 2021
Premium
Temasek exits its oldest Indian hospitality bet, takes a steep haircut
Credit: Reuters

Singapore state investor Temasek has sold its entire stake in Graviss Hospitality Ltd at a significant loss, 14 years after investing in the Mumbai-based listed chain, a VCCircle analysis shows.  The investor had put in close to Rs 128 crore for 22.19% stake in 2007. This was Temasek’s oldest Indian hospitality ......

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