During the quarter, Indian Hotels signed a strategic partnership with Singapore's sovereign wealth fund GIC Pte Ltd to jointly invest around | 4,000 crore over three years. This platform would need IHCL to invest 30% of the equity while the JV would own hotels funded by a mix of debt and equity. This would enable Indian Hotels to reap the benefits of owning a property without significantly adding leverage on its balance sheet. It could also provide opportunities to IHCL for monetising its hotel(s) through this JV. Further, the company has already been shifting focus towards...