Nair: ITC is a friend
Terms ITC's share purchase a 'treasury option', will hike stake to 55%
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To bring three & four-star brands, first hotels in Mumbai & Pune
Starts arbitration against Dubai's Meydan for contract breaches
Has 42 rooms, inaugural tariff at Rs3,200 with breakfast + taxes
Raising funds via FCCB & QIP, holding from 53% by March 31, '10
Premium listing of Rs145 issue price, Mcap at Rs1,456 crore
Profit at Rs6. 95 crore vs loss of Rs1.52 crore YoY
Hyderabad, Bengaluru, Bekal, Coorg, Coimbatore, Srinagar, Gurgaon, NCR
Plans six in NCR for CWG, one each in Kolkata, Gandhinagar and Thane
Becomes the first Premier signing for Best Western India's new team
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