The Indian Hotels Company (INDHOTEL) — Corporate Action

The Indian Hotels Company Limited executed a rights issue to acquire 3,30,043 equity shares of ELEL Hotels and Investment Limited, a wholly owned subsidiary, at ₹5,000 per share for cash, aggregating ₹1,65,02,15,000. This transaction secures 100% ownership of the Bandstand Bandra land parcel intended for Taj Bandstand development, enhancing strategic control over a key hospitality asset.

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About The Indian Hotels Company Limited (INDHOTEL)

Consumer Services · Leisure Services · Listed on NSE

Market Cap: ₹93,412.74 Cr P/E: 51.8

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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