MUMBAI Feb 11 Indian Hotels Co Ltd,
part of the diversified Tata Group, reported a 28 percent rise
in quarterly net profit beating estimates and said it was
reviewing its options after Orient-Express Hotels
rejected its takeover bid.
The company, which owns and operates the chain of Taj hotels
and resorts worldwide, made an unsolicited $1.2 billion bid for
U.S.-listed, luxury hotels group Orient-Express in October.
On Nov. 8, 2012 , Orient-Express rejected a $1.2 billion
takeover offer from Indian Hotels, saying it was too cheap.
The company said net profit rose to 646.2 million rupees
($12.07 million) for October-December, up from 504.8 million
rupees a year earlier.