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Indian Hotels acquires stake in ELEL Hotels and Investment

23 Sep 2025 Evaluate

Indian Hotels Company has acquired 2,01,659 equity shares of the face value of Rs 10 at issue price of Rs 5000 per share, for cash at premium of Rs 4,990 per equity share aggregating to Rs 100.82 crore of ELEL Hotels and Investment, its Wholly Owned Subsidiary, through a rights issue.

ELEL holds the leasehold rights for the land parcel at Bandstand Bandra, under which Taj Bandstand is proposed to be developed.

Indian Hotels Company (IHCL) 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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