The Indian Hotels Company Limited — JV/Acquisition, 16-07-2025: Acquisition

Indian Hotels (IHCL) has infused ₹165.02 Cr cash into its wholly-owned subsidiary, ELEL Hotels and Investment Limited, via a rights issue, securing its 100% ownership. This strategic investment is crucial as ELEL holds the leasehold rights for the land parcel in Bandstand, Bandra, where the upcoming Taj Bandstand hotel is proposed. This move secures prime real estate and underscores IHCL's commitment to expanding its luxury portfolio in key locations, funding a significant future development project.