ITC Hotels Limited (ITCHOTELS) — Related Party Transaction Announcement
📢 Key Event
ITC Hotels completes acquisition of Zuri Hotels and Resorts Private Limited
🔄 What Changed
Acquisition of 100% stake in Zuri Hotels and Resorts Private Limited
💡 Investor Takeaway
The acquisition expands ITC Hotels' luxury portfolio in a high-growth destination with minimal regulatory hurdles.
ITC Hotels announced the acquisition of 100% of Zuri Hotels and Resorts Private Limited (ZHRPL) on 19 May 2026, making it a wholly owned subsidiary. The cash transaction values the enterprise at ₹205 crores, with consideration not exceeding ₹175 crores after adjustments. The target operates a luxury resort in Kerala and contributes approximately ₹21.9 crores in annual revenue. The filing confirms completion of the acquisition and regulatory compliance under SEBI norms.
📄 View Original Announcement (PDF)
About ITC Hotels Limited (ITCHOTELS)
Consumer Services · Leisure Services · Listed on NSE
Market Cap: ₹32,386.12 Cr
P/E: 40.0
Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.