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Taj GVK Hotels & Resorts gets nod for renewal of hotel operating agreement

31 Jan 2022 Evaluate

Taj GVK Hotels & Resorts has received an approval for the renewal of the Hotel Operating Agreement for Vivanta Begumpet hotel for a further period of 10 years with Indian Hotels Company (IHCL), a related party of the company. The Audit Committee and Board at their meeting approved the same.

Taj GVK Hotels & Resorts is a joint venture of the Tata Group’s Indian Hotels Company Ltd and Hyderabad-based G V K group.

Peers
Company Name CMP
The Indian Hotels Co 727.25
ITC Hotels 156.85
Mahindra Holi.&Resor 199.85
EIH 291.90
Chalet Hotels 820.00
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