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IHCL HOTEL ACQUISITION
From Deoghar to Udupi: Family offices bet Rs 2,000 crore on hotels in pilgrimage townsNearly Rs 2,000 crore has been committed across key religious destinations over the past 12-18 months, according to Noesis Hotel Advisors, ...- Will IHCL's merger with Oriental Hotels unlock value for shareholders? Here's what Goldman Sachs, Nomura, and others sayIHCL’s merger with Oriental Hotels is expected to be EPS accretive and strengthen its presence in South India, according to brokerages. Nom...
- Assam cabinet approves Taj Gateway hotel lease, tax relief for farmers and other key decisionsAssam's cabinet approved a Taj Gateway Hotel lease and streamlined police verification processes. The government also granted Aadhaar enrol...
- Tata Group stock falls 2% after Q1 net profit jumps 18% to Rs 390 croreIndian Hotels Company reported a 18.5% net profit rise in Q1 FY27. Revenue per available room increased fourteen percent at domestic hotels...
- IHCL Q1 Results: Profit rises 18% YoY to Rs 390 crore, total income up 15%Tata Group-backed IHCL reported its 17th consecutive record quarter, with Q1 FY27 net profit rising 18.5% and total income up 15%. Strong h...
- IHCL completes acquisition of 51 pc stake in Brij Hospitality for Rs 222 crIndian Hotels Company (IHCL), a Tata Group firm, has finalized its acquisition of a 51% stake in Brij Hospitality for approximately Rs 222 ...
- IHCL net jumps over 50% in Q3, new businesses boost revenueIndian Hotels Company (IHCL) reported a 51% surge in third-quarter net profit to ₹954 crore, driven by a 12% revenue increase to ₹2,842 cro...
- IHCL posts Q3 revenue of Rs 2,842 crore, PAT at Rs 954 croreTata Group-backed IHCL reported strong Q3 growth with higher revenue and net profit, aided by exceptional gains and robust hotel performanc...
- IHCL eyeing strategic acquisitions to expand presence in key markets, enter new destinations: MD Puneet ChhatwalIndian Hotels Company Limited (IHCL) is strategically pursuing acquisitions to broaden its footprint in existing markets and venture into E...
- IHCL acquires majority shareholding in operating company of Tree of LifeIndian Hotels Company (IHCL) is acquiring a majority stake in Tree of Life Resorts & Hotels, aiming to expand the brand to 100 properties b...
- Checking In: Taj on the prowl, sets sight on Mubadala’s Viceroy HotelsIHCL has submitted an initial term sheet and is said to be looking to finalise the deal after completing due diligence and legal documentat...
- IHCL inks pact to acquire balance 14.28% stake in ELELThe deal will make the company hundred per cent leasehold owner of the Sea Rock hotel site in Mumbai by the end of December, 2021.
- Indian Hotels Company announces 100% acquisition of Sea Rock hotel siteIn November, 2019 IHCL's board of directors had approved the terms for the settlement to acquire the 14.28% shareholding. The payment will ...
- IHCL and GIC create Rs 4000 crore platform to acquire hotel assetsThe IHCL will put in 30% equity in every such acquisition, while the rest will come from GIC.
- N Chandrasekaran backs IHCL's foreign asset dealsChandrasekaran assured shareholders that the board of directors have always acted in the best interest of the company and will continue to ...
- Indian Hotels board clears 80.1% stake acquisition in LEPPLPursuant to the foregoing, ELEL Hotels & Investments Ltd, the licensee of the erstwhile hotel Sea Rock site, will become a subsidiary of th...
- Indian Hotels seeks Orient Express for a meeting with Ratan Tata, Luca MontezemoloIHCL has asked Orient Express for a meeting with Tata group Chairman Ratan Tata along with Ferrari Chairman Luca Montezemolo to discuss the...
- Tatas' acquisition offer unsolicited: Orient Express HotelsWhile it did not spell out its immediate course of action, Orient Express said it will evaluate the proposal carefully and respond in due c...
- IHCL acquires Hotel Sea Rock for Rs 680crIndian Hotels Company will set up a hospitality landmark at the site including a world-class convention centre.
- Indian Hotels in talks to acquire Sea RockIndian Hotels Company (IHCL), owners of the Taj group of hotels, is in negotiations to acquire Mumbai’s Sea Rock hotel in a deal estimated ...
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