ITC Hotels has acquired 100% of the share capital of Zuri Hotels and Resorts (ZHRPL). Consequently, ZHRPL has become a wholly owned subsidiary of ITC Hotels with effect from May 19, 2026.
The transaction would allow the company to strengthen its luxury portfolio in a strategic, high-growth leisure destination, through an established luxury property. The enterprise value of Rs 205 crore on a cash-free, debt-free basis, comprising the consideration not exceeding Rs 175 crore for acquisition of 100% of share capital, repayment of debts and other customary adjustments.
ITC Hotels is engaged in the business of owning, operating, managing and franchising hotels and resorts and is focused towards enabling authentic indigenous experiences for its guests, which are in harmony with the environment and society.
