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Indian Hotels Company acquires shares in ELEL Hotel and Investment

16 Jul 2025 Evaluate

Indian Hotels Company has acquired over 3.3 lakh equity shares through a rights issue in wholly-owned arm ELEL Hotel and Investment for over Rs 165 crore. ELEL Hotel and Investment holds the leasehold rights for the land parcel at Bandstand Bandra, under which Taj Bandstand is proposed to be developed.

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 716.15
ITC Hotels 158.75
Mahindra Holi.&Resor 195.20
EIH 298.00
Chalet Hotels 830.20
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