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The board of directors of India Hospitality Corp.("the Company") notes the recent press speculation in India and can confirm that they are currently in discussions with Entertainment World Developers ("EWDPL") to run EWDPL's 3-star and 4-star hotels in India.
Discussions are ongoing and the Company will make further announcements in due course.
For Further Information Contact:
India Hospitality Corp.
Raghavendra Agarwal
+91 22 4090 6148
ragarwal@ihcor.com
www.indiahospitalitycorp.com
Nominated Adviser: Grant Thornton UK LLP
Fiona Owen / Robert Beenstock
+44 20 7383 5100
Broker: Noble & Company Limited
Sunil Sanikop
+44 20 7763 2200
Media Contact: Mutual Public Relations Ltd.
Harsh Wardhan
+91 11 4362 0700
Investor Relations Contact: Sand Hill RP
Michael A. Tew
mtew@sandhillrp.com
+1 (212) 445-7838
About India Hospitality Corp.
India Hospitality Corp. is a diversified pan-Indian hospitality and leisure company. In July 2007, IHC closed on the acquisition of India-based Mars Restaurants Private Limited, an emerging hotel and restaurant company, and SkyGourmet Catering Private Limited, an airline catering company with 2,800 employees across its facilities in India, from Navis Capital Partners and its affiliates.