New Delhi: The Competition Commission of India (CCI) has approved the merger of certain entities into InterGlobe Hotels, a joint venture of IndiGo parent InterGlobe Enterprises and French hospitality major Accor SA.The proposed combination envisages the related transactions and merger of AAPC India Hotel Management, Caddie Hotels, Triguna Hospitality Ventures (India), and others-such as Srilanand Mansions, Techpark Hotels and Accent Hotels-with and into InterGlobe Hotels, the competition regulator said in a statement.Interglobe Enterprises is an investment holding company wholly owned by the Bhatia family, it said.InterGlobe Hotels (IGH), AAPC India, Triguna and Caddie are entities owned jointly by the Bhatia Group and the Accor Group, as per the statement.
InterGlobe Hotels gets CCI nod for merger with multiple hospitality firms
In a landmark decision, the Competition Commission of India has approved a notable merger involving InterGlobe Hotels, which will see multiple hotel entities join forces. This joint venture, partnering the parent company of IndiGo with a prominent French hospitality giant, will include an array of hotel management and development companies, solidifying the alliance between the Bhatia and Accor groups.
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