Leading domestic hotel eye TGB Banquets
A leading domestic hotel is looking to buy TGB Banquets. The buyout deal is expected to include the promoter stake as well as the hotel properties. The deal size is likely to be same as the enterprise value, which is currently at Rs 500-550 crore.
The deal could also lead to an open offer for minority shareholders, which will be at 10-15 percent premium at the current price. TGB refused to comment on market speculations. The company's Annual General Meeting (AGM) is scheduled for Spetember 30 and for more queries about Equity Tips,Intraday Tips click us on Ripples Advisory
A leading domestic hotel is looking to buy TGB Banquets. The buyout deal is expected to include the promoter stake as well as the hotel properties. The deal size is likely to be same as the enterprise value, which is currently at Rs 500-550 crore. 
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