Snippets

IRB Infrastructure Developers to enter capital markets, files DRHP with SEBI

IRB Infrastructure Developers, an infrastructure development and construction company in India with significant experience in the roads and highways sector, proposes to enter the capital markets with a public issue of 51,057,666 equity shares of Rs 10 each through a 100 per cent book building process. It has filed its DRHP for this purpose with SEBI as of September 28, 2007. Deutsche Equities India is the sole global coordinator and BRLM for the issue along with Kotak Mahindra Capital Company, which is the co-BRLM for the issue. IRB Infrastructure Developers is the holding company of the IRB Group, formed to fund the capital requirement of the IRB Group's initiatives in the infrastructure and construction sectors.

Pride group sells 11% stake to Kotak Real Estate Fund

Pride Hotel group, which owns four five-star hotels in the country, has sold a 11 per cent stake to Kotak India Real Estate Fund, at Rs 45 crore, as part of its expansion plans in the capital market.

Its three existing properties in Pune, Ahmedabad and Nagpur, will see addition of room inventory, and expansion to the tune of Rs 350 crore. The management envisages an overall inventory of 1,150 hotel rooms in key cities by December 2009. The equity investment from Kotak will be used to finance these activities in the coming years. The group will also be raising a Rs 50 crore debt and may go for an IPO perhaps by the end of this financial year. In addition, Pride plans to set up new five-star hotels in Mumbai, Goa, Bangalore and Hyderabad and a resort hotel-cum-spa at Alibaug.

HIHT, Agra collaborates with Canadian Algonquin College for new courses

Heritage Institute of Hotel and Tourism (HIHT), Agra has collaborated Algonquin College, Canada, a government aided provincial institution which offers over 130 programs that are accredited by the ministry of training and education.

On the occasion, a seminar was organised for the students, where the focus was on the required knowledge, skills, aptitude and hunger to acquire and succeed in the hospitality industry. The speakers included Col K S Gujral, country coordinator, Algonquin College and Prateek, advisor (hospitality education), Orion School of Hotels, Australia group president P K Rawat. They addressed the students discussing the worldwide scenario of hospitality education.

Diva Maharashtracha is world's first Marathi cuisine restaurant to be ISO certified

Receiving the ISO-9001-2000 certificate from Moody International- an ISO certification company, chef and CEO of Diva Maharashtracha, Deepa Awchat, expressed gratitude that her research of three years about Maharashtrian cuisine has finally earned the restaurant brownie points.

With this certification, the eatery, has become the world's first restaurant specialising in Marathi cuisine to get the ISO mark.

Indian Housekeepers Club’s correspondence course in Housekeeping Management

The Indian Housekeepers Club will soon commence a correspondence course in Housekeeping Management for those employees working in the hospitality industry.

The one-year course syllabus is the equivalent of the FCI course conducted by Government of India.