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Kerala group to invest Rs.7.5 bn in new hotel ventures

The Kochi-based Muthoot Pappachan group, that has interests in financial services, hospitality, infrastructure and wind power, is investing Rs.750 crore (Rs.7.5 billion/$159 million) in seven hotel properties in Kerala and Tamil Nadu, as well as more than 100 service apartments here.2:00 PM on May 22