SBI Caps to conduct Taj Mansingh auction in Delhi for civic body

NDMC is likely to offer Taj on a long-term lease, on a revenue-share model and an upfront payment

Ajay Modi  |  New Delhi 

SBI Caps will conduct the auction of the Taj Mahal hotel here for the New Delhi Municipal Council, the local civic body. SBI Caps, which worked out the coal linkage auction mechanism in 2015, will also advise NDMC (which owns the land on these properties) on the auction of two more hotels, The Connaught and Hotel Asian International. In 2015, NDMC had hired SBI Caps to oversee the Taj Mahal’s (popularly known as Taj Mansingh, after the road it is on) auction. However, the process did not move as Indian Hotels Company, operator of the Taj, went to court. NDMC ...

TO READ THE FULL STORY, SUBSCRIBE NOW AT JUST Rs 149 A MONTH

Key stories on business-standard.com are available to premium subscribers only.

LOGIN

EMAIL / USER NAME
PASSWORD
REMEMBER ME Forgot password?
LOGIN

Not a member yet ? Resister Now

Connect using any below

  • Don't lose the opportunity of saving $26.77 per month
  • Don't lose the opportunity of saving $26.77 per month
Total Amount
Rs. 0.00
To proceed, kindly select a subscription package

WHAT YOU GET

On Business Standard Digital

  • Access your subscription from anywhere. Be it your computer, tablet or smartphone using a browser or the App, Your Choice.
  • Access to exclusive content, features, opinions and comment, hand-picked by our editors, just for you.
  • Pick your 5 favourite companies. Get all the news upates at the end of each day through E-Mail.
  • Pick the industry that you want to track. And get a daily news letter specific to that industry. Cut out the clutter.
  • And stay on top of your investments. Track stock prices in your portfolio
  • Access 18 years of archival data

On Digital

  • Seamless access to WSJ.com with your Business Standard digital account.
  • Experience the best of the Journal's reporting, video and interactive features.
  • Read about the people and events shaping business, finance, technology, politics, technology and culture.
  • Stay informed with newsletters - an easy way to get WSJ content straight to your inbox - making life easier on your busiest days.
  • More business executives read the Journal globally than any other publication.
*Note :
Our Partners are proud to be associated with this initiative and will contribute Rs 100 x 6 months thereafter, standard rate of Rs 149 will be charged.
Offer valid for Indian residents only
Requires you to share personal information like PAN, Date of Birth, and Income.
*Annual saving on WSJ subscription price of US$ 347.88 (12 months @ US$ 28.99 per month)
* 1US$ = 67.50 INR.
*Please note that this offer is not valid if you are/were a registered/existing user on WSJ Digital

SBI Caps to conduct Taj Mansingh auction in Delhi for civic body

NDMC is likely to offer Taj on a long-term lease, on a revenue-share model and an upfront payment

NDMC is likely to offer Taj on a long-term lease, on a revenue-share model and an upfront payment SBI Caps will conduct the auction of the Taj Mahal hotel here for the New Delhi Municipal Council, the local civic body. SBI Caps, which worked out the coal linkage auction mechanism in 2015, will also advise NDMC (which owns the land on these properties) on the auction of two more hotels, The Connaught and Hotel Asian International. In 2015, NDMC had hired SBI Caps to oversee the Taj Mahal’s (popularly known as Taj Mansingh, after the road it is on) auction. However, the process did not move as Indian Hotels Company, operator of the Taj, went to court. NDMC ... image
Business Standard
177 22