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MGM News: MGM buys Le Meridien, may turn it into hospital | Chennai News

Picture used for representational purpose only CHENNAI: M K Rajagopalan, chairman and managing director of MGM Healthcare Private Limited (MHPL), has acquired Appu Hotels Limited which owns five star hotels under the brand Le Meridien in Chennai and Coimbatore for Rs 423 crore. The development comes after the NCLT Chennai’s Division Bench – I overruled the objections raised by original promoters led by Palani G Periasamy on valuation of the properties and passed a final order on Friday, July 15, 2021. The bench also dismissed a petition filed by the promoters under Section 12A of the IBC which permits the adjudicating authority to allow withdrawal of application with 90% voting approval by creditors. MGM is likely to convert Le Meridien hotel located in Guindy into a healthcare facility and may retain the Coimbatore property as a hotel.

Covid Delta Plus Variant: Be Cautious, But Don t Panic, Say Doctors

Covid Delta Plus Variant: Be Cautious, But Don’t Panic, Say Doctors Noting the highly infectious nature of the Delta-plus variant, former chief of the Indian Council of Medical Research, Dr Gangakhedkar said a vaccine is also less effective to it. Outlook Web Bureau 28 June 2021, Last Updated at 7:14 am Representational image Outlook Web Bureau 2021-06-28T00:03:09+05:30 Covid Delta Plus Variant: Be Cautious, But Don’t Panic, Say Doctors outlookindia.com 2021-06-28T07:14:36+05:30 Also read Dr Raman Gangakhedkar, former ICMR chief, has said that the delta-plus variant of coronavirus is highly infectious but there is no need to panic. As per the ICMR data, over 70 per cent of people have managed to develop immunity against Covid-19, however, the country appears to be heading towards herd immunity but the Delta-plus variant has created a frightening environment.

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