BusinessSunil Mittal May Invest $1 Billion In Son-In-Law's UK Hotel Chain: Report
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Sunil Mittal May Invest $1 Billion In Son-In-Law's UK Hotel Chain: Report
Money to fund acquisitions by Sharan Pasricha's Ennismore
Injection to help him acquire, convert US, Europe properties into hotels
Ennismore owns Gleneagles resort, Hoxton hotel chain
The money from Bharti Group Chairman Sunil Mittal would fund acquisitions by Sharan Pasricha's Ennismore
The family of billionaire Sunil Mittal, who controls India's biggest mobile-phone operator, is looking to pump more than $1 billion into a hotel chain founded by his son-in-law in London, people with knowledge of the matter said.
The money, which would come from a unit of Mittal's Bharti Group that handles the founding family's wealth, would fund acquisitions by Sharan Pasricha's Ennismore, a developer that owns the Gleneagles resor...