Dharampal Satyapal group plans investment worth Rs 1,000 crore in hospitality sector
A leading FMCG conglomerate Dharampal Satyapal Group is planning to invest Rs 1,000 crore in the hospitality sector over the next 3 years. Currently, the firm operates 6 hotels under global hospitality brands such as Radisson and Marriott.
The new properties will be located in the north and northeastern regions of India and the investment will be funded through a combination of internal accrual and debt.