The Indian Hotels Company Limited — Important, 05-11-2024: Agreements

The Indian Hotels Company Limited has approved an agreement to acquire approximately 55% equity shares in Rajscape Hotels Private Limited for up to ₹ 18 crores. Rajscape manages 16 boutique properties under the "Tree of Life Resorts & Hotels" brand, focusing on immersive stays in offbeat destinations across India. This acquisition will expand the company's footprint in the luxury hospitality sector through a cash transaction, expected to be completed within 90 days.