The board will also fix the date of book closure of share transfer books and consider the distribution of dividend if any.
Taj GVK Hotels and Resorts was formed as a strategic business alliance between Indian Hotels Company (25.52% stake) and the GVK group (35% stake) in 1999. It is a joint venture of the Taj and GVK groups, who offers a chain of hotels at par with international standards. The hotel chain plans to develop two more properties in Hyderabad, one at Begumpet and another at Hitec City, while investing about Rs 1 billion in its existing property for renovation and expansion.
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