GBJ Hotels acquired by Gland Pharma's former promoter
Gland Pharma's former promoter has acquired GBJ Hotels. GBJ operates the five-star property Hotel Radisson Blu in Coimbatore. KP Advisory Services, the family office of promoter Ravi Penmetsa, acquired the five-star property last week in Coimbatore under the corporate insolvency process.
The resolution professional (RP) had admitted Rs 196 crore in claims, including trade creditors and banks.