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HDFC looks at promoter offer for two Radisson Blu hotels

Dated on: Wednesday 5th July 2023

Currently, HDFC, which recently merged with HDFC Bank on July 1st, is in the process of considering a one-time settlement (OTS) proposal put forth by promoter DP Jain regarding the sale of two Radisson Blu hotels located in Ghaziabad, situated on the outskirts of New Delhi. The promoter has made an offer of ?315 crore, while Prudent ARC has submitted a binding offer of ?311 crore, and HDFC is carefully evaluating these options.

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