ITC Hotels (ITCHOTELS) — Announcement

ITC Hotels announced on May 15, 2026 that it will acquire 100% of Zuri Hotels & Resorts Private Limited for an enterprise value of Rs. 205 crores, adding a luxury resort in Kumarakom, Kerala. The 18-acre property on Vembanad Lake features 72 villas and cottages, spa facilities, and banquet spaces, and will be rebranded under the ITC Hotels name to expand its luxury portfolio in a high-growth leisure destination.

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About ITC Hotels Limited (ITCHOTELS)

Consumer Services · Leisure Services · Listed on NSE

Market Cap: ₹32,386.12 Cr P/E: 40.0

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