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Indian Hotels Co. Ltd. ( (IN:INDHOTEL) ) has issued an announcement.
Indian Hotels Company Ltd. has restructured its long-standing partnership with the GVK-Bhupal family by exiting its 25.52% equity stake in Taj GVK Hotels and Resorts Ltd. and shifting to a long-term management arrangement for the portfolio. Following the transaction, the GVK-Bhupal family will hold 74.99% in Taj GVK, while IHCL will continue to manage six existing hotels and an upcoming 256-key Taj property in Yelahanka, Bengaluru, reinforcing their collaboration on marquee assets across Mumbai, Hyderabad, Chennai and Chandigarh. The move advances IHCL’s ‘Accelerate 2030’ capital-light strategy, raising its capital-light operating inventory to 67%, freeing up capital for high-margin growth and supporting its return-on-capital objectives, while Taj GVK targets expanding its portfolio to about 4,000 keys over the next five years, underscoring both partners’ commitment to capturing India’s hospitality growth.
More about Indian Hotels Co. Ltd.
Indian Hotels Company Ltd. (IHCL) is India’s largest hospitality company, operating the Taj, SeleQtions, Vivanta and other hotel brands, with a portfolio of upscale and luxury properties across key Indian cities and select international locations. The group focuses on asset-light growth through management contracts while leveraging its strong brand equity and operational expertise in the premium hospitality and tourism market.
Average Trading Volume: 111,529
Technical Sentiment Signal: Buy
Current Market Cap: 1015.6B INR
See more data about INDHOTEL stock on TipRanks’ Stock Analysis page.