The Indian Hotels Company Limited — JV/Acquisition, 26-03-2025: Acquisition

The Indian Hotels Company Limited has infused US$ 9 million (approximately ₹ 75.25 Cr) as equity into its wholly-owned subsidiary, IHOCO BV, in the Netherlands. This capital will enable IHOCO BV to invest further in its US-based subsidiary, United Overseas Holdings Inc (UOH), primarily for debt repayment and operational needs. IHOCO BV, which serves as IHCL's apex holding company for overseas hospitality investments, reported a turnover of ₹ 6.08 Cr for the last fiscal year and remains a wholly owned entity post-investment. This strategic move underscores the company's focus on enhancing operational efficiency and strengthening its global investment portfolio.