Indian Hotels Company (IHCL) has inked pact to acquire the remaining 14.28 percent stake in ELEL Hotels and Investment from the Nanda family. The deal will make the company 100 percent leasehold owner of the Sea Rock hotel site in Mumbai by the end of December, 2021. ELEL Hotels, a subsidiary of IHCL, holds the long-term land lease for Sea Rock.
The visionary redevelopment of Sea Rock promises to be not only another defining landmark in India's commercial capital of Mumbai but also an opportunity to build an iconic sea front hotel in South Asia. The company’s board of directors on November 11, 2019 approved the terms for the settlement to acquire 14.28 percent shareholding.
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, midmarket and value segments of the market.
| Company Name | CMP |
|---|---|
| Indian Hotel | 666.05 |
| ITC Hotels | 164.95 |
| EIH | 339.50 |
| Chalet Hotels | 803.25 |
| Mahindra Holi.&Resor | 269.45 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: