The Indian Hotels Company Limited — Important, 30-06-2025: Sale or disposal
30-06-2025 | 01:25 pm
30-06-2025 | 01:25 pm
The company’s wholly-owned subsidiary, Roots Corporation Limited, has sold 100% of its stake in Leanluxe Hospitality Private Limited to Tata Sons Private Limited, a promoter entity of the company. The sale, executed on June 30, 2025, was a related party transaction completed at arm’s length based on an independent fair valuation. Consideration received was INR 1 lakh. Leanluxe Hospitality has ceased to be a subsidiary following this transaction.
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