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Indian Hotels invests Rs 50 crore in Zarrenstar Hospitality

24 Oct 2024 Evaluate

Indian Hotels Company has invested Rs 50 crore in the equity shares of Zarrenstar Hospitality (Wholly- Owned Subsidiary) by way of subscription to Rights Issue. With the current investment, the company’s shareholding in Zarrenstar remains at 100%. The funds will be used by the WOS for developing a hotel near Cochin International Airport.  

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 784.00
ITC Hotels 156.20
Mahindra Holi.&Resor 186.15
EIH 288.40
Chalet Hotels 789.55
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