Indian Hotels Divests 1.24% Stake in Belmond for $11.96 Million

New Delhi: Tata Group hospitality arm Indian Hotels has said its overseas arm Samsara Properties has sold over 12.7 lakh shares of Belmond for a consideration of $11.96 million (over Rs 82 crore) to pare debt.  Belmond Ltd has a collection of 46 hotel, river cruise, safari and luxury rail businesses in 23 countries.  "Samsara Properties Ltd, company's indirect overseas wholly-owned subsidiary has sold, through market transactions, ...