The Indian Hotels Company Limited — JV/Acquisition, 23-09-2025: Acquisition

The Indian Hotels Company (IHCL) has invested ₹100.83 Cr into its wholly-owned subsidiary, ELEL Hotels and Investment Limited. This capital infusion, executed via a rights issue, maintains IHCL's 100% ownership of ELEL. The strategic aim is to fund the development of the upcoming 'Taj Bandstand' property, as ELEL holds the crucial leasehold rights for the land at Bandstand Bandra. This move is key to expanding IHCL's luxury hotel portfolio, paving the way for future growth and operational impact from this new asset.