Indian Hotels Company is currently trading at Rs. 142.80, up by 0.90 points or 0.63% from its previous closing of Rs. 141.90 on the BSE.
The scrip opened at Rs. 141.25 and has touched a high and low of Rs. 150.50 and Rs. 140.15 respectively. So far 75424 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 161.00 on 02-May-2019 and a 52 week low of Rs. 110.00 on 09-Oct-2018.
Last one week high and low of the scrip stood at Rs. 148.55 and Rs. 140.70 respectively. The current market cap of the company is Rs. 17125.32 crore.
The promoters holding in the company stood at 39.09%, while Institutions and Non-Institutions held 41.03% and 19.88% respectively.
Indian Hotels Company (IHCL) has signed a strategic partnership with Singapore's sovereign wealth fund, Government of Singapore Investment Corporation (GIC) for an investment framework to the tune of about Rs 4000 crore or $ 600 million over a period of three years from May 17, 2019.
This capital platform will be used to acquire fully operational hotels mainly in the Luxury, Upper Upscale and Upscale segments in India. This platform allows company to pursue acquisitions in an asset light format, with the equity contribution from the company at 30% and the balance contributed by GIC, over a period of three years.
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. It operates in the luxury, premium, mid-market and value segments of the market.
Company Name | CMP |
---|---|
Indian Hotel | 592.65 |
EIH | 459.65 |
Mahindra Holi.&Resor | 437.20 |
Chalet Hotels | 907.05 |
Lemon Tree Hotels | 135.70 |
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