Indian Hotels Company has executed Share Subscription and Purchase Agreement and a Shareholders’ Agreement to acquire around 51% equity stake for an amount not exceeding Rs 110 crore in ANK Hotels. The company has also executed Share Subscription Agreement, and Shareholders’ Agreement to acquire around 51% equity stake for an amount not exceeding Rs 94 crore in Pride Hospitality. The said transactions are expected to be completed by November 15, 2025.
The foregoing companies have a portfolio of 135 hotels which are operated under ‘The Clarks Hotels & Resorts’, primarily across India.
The company has also signed a distribution & marketing agreement with ‘Brij Hospitality’, which has a portfolio of 19 hotels under the Brij Brand, primarily across India.
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.
