GVK-Bhupal Family to Take Majority Control as IHCL Shifts TAJ GVK Alliance to Asset-Light Management Model

TAJGVK Hotels & Resorts Ltd. ( (IN:TAJGVK) ) just unveiled an announcement.

TAJ GVK Hotels & Resorts Limited announced that the long-standing joint venture between the GVK-Bhupal family and Indian Hotels Company (IHCL) is being restructured into a long-term management arrangement, with IHCL signing an agreement to sell its 25.52% stake in TAJ GVK to the GVK-Bhupal family. Following the transaction, the GVK-Bhupal family will hold 74.99% of the company while IHCL will continue to operate six existing hotels and the upcoming Taj in Yelahanka, Bengaluru under management contracts, aligning with IHCL’s capital-light ‘Accelerate 2030’ strategy and boosting its capital-light inventory to 67%. Both partners signaled an intention to jointly pursue new hospitality opportunities in India, with TAJ GVK targeting growth to around 4,000 keys over five years, a move that underscores confidence in the sector’s expansion and is expected to enhance returns and strengthen the company’s and IHCL’s positioning in key urban markets.

More about TAJGVK Hotels & Resorts Ltd.

TAJ GVK Hotels & Resorts Limited operates in India’s hospitality industry, owning and developing upscale hotels primarily under the Taj and Vivanta brands. Its portfolio includes marquee properties such as Taj Krishna and Taj Deccan in Hyderabad, Taj Club House in Chennai, Taj Chandigarh, Vivanta Hyderabad, Begumpet, and an upcoming Taj hotel in Yelahanka, Bengaluru, as well as a co-ownership stake in Taj Santacruz, Mumbai through a joint venture. The company focuses on key metropolitan markets and aims to expand its room inventory significantly over the next several years.

Average Trading Volume: 9,961

Technical Sentiment Signal: Buy

Current Market Cap: 23.58B INR

Find detailed analytics on TAJGVK stock on TipRanks’ Stock Analysis page.