Sunil Mittal set to pump in $1 bn into a hotel chain founded by son-in-law

The injection would help Pasricha acquire and convert properties in trendy urban areas in US and European cities into hotels aimed at appealing to younger travelers

The family of billionaire Sunil Mittal, who controls India’s biggest mobile-phone operator, is looking to pump more than $1 billion into a hotel chain founded by his son-in-law in London, people with knowledge of the matter said.

The money, which would come from a unit of Mittal’s Bharti Group that handles the founding family’s wealth, would fund acquisitions by Sharan Pasricha’s Ennismore, a developer that owns the Gleneagles resort and Hoxton hotel chain, which is expanding in the U.S. and Europe, said the people, who asked not to be identified as the matter is private.

The injection would help Pasricha