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Indian Hotels Co. Ltd. ( (IN:INDHOTEL) ) has shared an update.
The Indian Hotels Company Limited has addressed recent media speculation regarding its involvement with The Pierre hotel in New York. Contrary to reports suggesting a potential exit deal, IHCL clarified that it does not own the hotel but holds leasehold rights, and operations will continue as usual. The company emphasized its commitment to transparency and stated that any significant developments would be communicated to the stock exchanges promptly.
More about Indian Hotels Co. Ltd.
The Indian Hotels Company Limited (IHCL) is a prominent player in the hospitality industry, primarily focusing on hotel operations and management. It is known for its luxury hotel brand, Taj Hotels, and has a significant presence in India and international markets.
Average Trading Volume: 104,201
Technical Sentiment Signal: Strong Buy
Current Market Cap: 1110.6B INR
For an in-depth examination of INDHOTEL stock, go to TipRanks’ Overview page.