After acquiring the Qutab Hotel in New Delhi, writing instruments firm Luxor said on Thursday that it would bid for Hotel Corporation of India subsidiary Centaur.
ITDC-owned Qutab was jointly acquired by Hyatt Regency owner Sushil Gupta and , Luxor Writing Instruments president and chairman D K Jain said as part of the divestment plans of the government.
The Divestment Development: Complete Coverage
Asked whether it would be a joint bidding, Jain said, "I will go on my own".
At present, Luxor and Gupta-promoted Edenpark Hotels is in the process of renovating the Qutab Hotel.
"We are also adding new facilities in the hotel to bring it at par with other good hotels," he said.
Close on the heels of diversifying into hospitality business, Luxor forayed into packaged food business, and set up Hazel Foods.
"We have begun with dry fruits and spices which will be followed by convenience foods," Jain said.
The company, which was exploring opportunities to enter the ionised water market and scouting for an international player to tie-up for the venture, has shelved plans for now.
The packaged foods would soon be sold under Luxor brandname, he said.