Reliance to buy control of Mandarin Oriental New York in $98 mln deal

Indian conglomerate Reliance Industries Ltd (RELI.NS) is paying nearly $100 million for a controlling stake in Mandarin Oriental New York, a five-star hotel in midtown Manhattan, through the purchase of its Cayman Islands-based parent. Reliance said in a stock exchange filing on Saturday its industrial investments subsidiary will acquire Cayman Islands-based Columbus Centre Corp (Cayman) […]

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