Reddys to buy out IHCL’s stake in Taj GVK Hotels
MUMBAI: GVK Group chairman GVK Reddy’s daughter Shalini Bhupal is set to buy out Indian Hotels’ 25.5% stake in Taj GVK Hotels & Resorts for Rs 592 crore, making her the company’s largest shareholder. Prior to the deal, Bhupal, who is also the MD of the Hyderabad-based hospitality player, owned just 5,000 shares or 0.01%…