Praveg Ltd — Updates, 02-05-2025: Company Update

Praveg Limited has announced the formal handover of operations of its flagship resort, Praveg Atoll’s on Bangaram Island, to Indian Hotels Company Limited (IHCL). IHCL will now operate the property under its SeleQtions brand, focusing on luxury experiences combined with sustainable tourism. This partnership aims to enhance guest services, environmental stewardship, and global marketing reach. The move aligns with Praveg’s commitment to eco-responsible hospitality and strategic collaborations that promote luxury and sustainability while preserving delicate local ecosystems.