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Vascon ‘shells out’ a hotel strategy

Vascon Engineers, a recently listed construction firm, has embarked on a unique strategy for the hospitality sector which allows it to focus on its core business of construction while at the same time lets it earn a huge premium.

Instead of erecting and running hotels on its own, the company is now taking a structured exit route with its ongoing and future developments, following crucial learnings from its hospitality foray in 2006-07. Source