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Indian Hotels Company incorporates step-down subsidiary

17 Nov 2023 Evaluate

Indian Hotels Company (IHCL) has incorporated a new company by the name ‘Nekta Food Solutions’ in India on November 16, 2023, as a step-down subsidiary of the Company (being a wholly-owned subsidiary of ‘Taj SATS Air Catering’, the Company’s subsidiary).

The new company is for providing institutional catering, event catering and all other types of catering and related services to quick service restaurants, cloud kitchens, cafeterias, canteens, individuals, businesses, institutions, for various events, etc. and to offer a comprehensive range of gifting solutions.

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.


Peers
Company Name CMP
The Indian Hotels Co 732.25
ITC Hotels 158.85
Mahindra Holi.&Resor 198.85
EIH 318.00
Chalet Hotels 867.45
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