Indian Hotels Company has received its board's approval for the proposed acquisition of the balance 80.1% equity stake in Lands End Properties (LEPPL), for an aggregate consideration not exceeding Rs 17 crore thereby making LEPPL a 100% subsidiary of the Company. Pursuant to the foregoing, ELEL Hotels & Investments, the licensee of the erstwhile hotel Sea Rock site, will become a subsidiary of Indian Hotels.
The Indian Hotels Company and its subsidiaries are collectively known as Taj Hotels Resorts and Palaces and recognized as one of Asia's largest and finest hotel company. IHCL operate in the luxury, premium, mid-market and value segments of the market.
