The Tourism Finance Corporation of India (TFCI) is reportedly to establish a US$100m (67.5m euro, GBP48.6m) private equity fund to buy stakes in hotels and resorts catering to domestic Indian travellers.
According to Bloomberg, the TFCI – which part-funded the Indian destination spa Ananda –in the Himalayas – is to raise its fund money from banks and high-net-worth individuals.
Speaking to Bloomberg, chair and managing director Archana Capoor said that TFCI also plans to sell new shares to select investors to more than double its equity capital. Capoor claimed the future growth of the Indian hospitality industry would be focused on smaller towns rather than the big cities.
Over the past decade, India’s middle class – estimated currently at around 50 million people by McKinsey & Co – has doubled, spurring demand for both hotels and resorts.
Tourism Finance will reportedly invest as much as 500m rupees (US$13m, GBP6.3m, 8.7m euro) in the fund.
TFCI was established in 1989 by IFCI, an India-based, state-run lender. According to data compiled by Bloomberg, the company had a total of 663.14m rupees in cash and short-term investments as of 31 March 2007.
The Tourism Finance Corporation of India (TFCI) is reportedly to establish a US$100m (67.5m euro, GBP48.6m) private equity fund to buy stakes in hotels and resorts catering to domestic Indian travellers.
The European fitness sector is beating pre-pandemic numbers according to the 11th annual European Health & Fitness Market Report 2024 from Deloitte and EuropeActive, as Karsten Hollasch reports
In the dynamic world of indoor cycling, Schwinn has consistently been at the forefront of
innovation. Now, we proudly present the Schwinn Z Bike, the culmination of our legacy of
excellence.
Phil Heath, professional athlete, bodybuilder and 7x Mr. Olympia, has fielded a lot of
questions about bodybuilding without machines. Should bodybuilders be limited to just free
weights? Why?
ABC Trainerize, a leading software platform for the fitness industry, recently
ran a webinar for studio and gym owners on how to increase gym revenue
with Gym Launch CEO, Cale Owen.
South Holland District Council has bolstered its successful £20 million UK Government,
Levelling Up Fund bid with a £6 million investment to see the Castle Sports Complex in
Spalding transformed into a health and wellbeing hub to drive positive health outcomes for
residents across the district.
The Tourism Finance Corporation of India (TFCI) is reportedly to establish a US$100m (67.5m euro, GBP48.6m) private equity fund to buy stakes in hotels and resorts catering to domestic Indian travellers.
According to Bloomberg, the TFCI – which part-funded the Indian destination spa Ananda –in the Himalayas – is to raise its fund money from banks and high-net-worth individuals.
Speaking to Bloomberg, chair and managing director Archana Capoor said that TFCI also plans to sell new shares to select investors to more than double its equity capital. Capoor claimed the future growth of the Indian hospitality industry would be focused on smaller towns rather than the big cities.
Over the past decade, India’s middle class – estimated currently at around 50 million people by McKinsey & Co – has doubled, spurring demand for both hotels and resorts.
Tourism Finance will reportedly invest as much as 500m rupees (US$13m, GBP6.3m, 8.7m euro) in the fund.
TFCI was established in 1989 by IFCI, an India-based, state-run lender. According to data compiled by Bloomberg, the company had a total of 663.14m rupees in cash and short-term investments as of 31 March 2007.
The Tourism Finance Corporation of India (TFCI) is reportedly to establish a US$100m (67.5m euro, GBP48.6m) private equity fund to buy stakes in hotels and resorts catering to domestic Indian travellers.
The European fitness sector is beating pre-pandemic numbers according to the 11th annual European Health & Fitness Market Report 2024 from Deloitte and EuropeActive, as Karsten Hollasch reports
Consumers’ growing love of strength training is to be welcomed, as this long-neglected modality has a renaissance, however, it’s vital we continue to make the case for cardio
Speaking on the LIFTS podcast recently, Xponential Fitness CEO Anthony Geisler said participation in studio cycling is down globally. Kath Hudson decided to investigate
When a hefty round of investment
coincided with the pandemic, the
CEO of Midtown Athletic Clubs
feared the company – founded by
his grandfather – would go down
on his watch. He talks to Kath
Hudson about the pressure to
keep the business afloat
In the dynamic world of indoor cycling, Schwinn has consistently been at the forefront of
innovation. Now, we proudly present the Schwinn Z Bike, the culmination of our legacy of
excellence.
Phil Heath, professional athlete, bodybuilder and 7x Mr. Olympia, has fielded a lot of
questions about bodybuilding without machines. Should bodybuilders be limited to just free
weights? Why?
ABC Trainerize, a leading software platform for the fitness industry, recently
ran a webinar for studio and gym owners on how to increase gym revenue
with Gym Launch CEO, Cale Owen.
South Holland District Council has bolstered its successful £20 million UK Government,
Levelling Up Fund bid with a £6 million investment to see the Castle Sports Complex in
Spalding transformed into a health and wellbeing hub to drive positive health outcomes for
residents across the district.