The Indian Hotels Company Limited — Important, 11-08-2025: Agreements

The Company is acquiring a ~51% stake in ANK Hotels Private Limited for up to ₹110 Cr and ~51% in Pride Hospitality Private Limited for up to ₹94 Cr. Both companies operate under 'The Clarks Hotels & Resorts'. These cash-based acquisitions add 135 midscale hotels to the Company's portfolio, enhancing geographical penetration. Additionally, a distribution and marketing agreement with Brij Hospitality Private Limited integrates 19 more hotels. This strategic expansion reinforces the Company's asset-light growth in India's hospitality sector.