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More than 46,000 industry professionals from 160 countries, including 33,500 visitors, attended the 31st edition of Arabian Travel Market (ATM), which concluded on May 9, in Dubai. This represents a 15% y-o-y increase in attendees compared to last year.
As demand surges, Indians prefer destinations about 5 hours away
Baba Ramdev-led Patanjali Ayurved has made an all-cash offer of INR830 crore to buy Rolta India. This came just a few weeks after Ashdan Properties INR760 crore offer was declared the highest bidder by the bankrupt companys committee of creditors. So, what piques Patanjalis interest in a defence-focused IT solutions firm?
Ashdan's bid beat eight other bidders including data centre company Cyfuture India and Jai Corp vice chairman Virendra Jain among others after creditors scrutinised the value of bids received.
Pune-based real estate developer Ashdan Properties emerges as the highest bidder to take over the ₹14,000 crore debt of Rolta India with a bid valued at close to ₹760 crore on a net present value (NPV) basis. The bid beats eight other bidders including data centre company Cyfuture India and Jai Corp vice chairman Virendra Jain.