BSEL Infra sells stake in Pune hotel project

Reuters
Posted: Wednesday, Jan 07, 2009 at 0936 hrs IST
Updated: Wednesday, Jan 07, 2009 at 0936 hrs IST

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Mumbai: BSEL Infrastructure Realty said on Wednesday it has sold its 17 per cent stake in BW Highway Star Hotel project in Pune.

It has sold 1.05 million shares to Kamat Hotels (India) for 79.41 million rupees and the balance shares to a unit of Unity Infraprojects for 70.58 million rupees, it said in a statement.

The project was being developed by the BSEL in a joint venture with Unity and Kamat Hotel, it added.

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