Clearwater Capital increases stake in India's Kamat Hotels
Clearwater Capital Partners has acquired an additional 9% stake in Mumbai-based hospitality company Kamat Hotels in an open offer, bringing its total stake to 41.3%.
According to a regulatory filing, Clearwater has bought 1.73 million shares from public shareholders, at INR135 apiece, for a total of INR230 million ($4.2 million). Shares in Kamat Hotels closed at...
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