The Indian Hotels Company Limited — JV/Acquisition, 01-12-2025: Acquisition

The Indian Hotels Company (IHCL), via its subsidiary Roots Corporation, acquired a 51% stake in ANK Hotels and Pride Hospitality for a total of ₹190.5 Cr. This strategic investment brings over 140 midscale hotels operating under 'The Clarks Hotels & Resorts' into IHCL's fold. The move significantly expands IHCL's geographical presence across India, especially within the growing midscale segment, aligning with its asset-light growth strategy. It's a clear push for deeper market penetration.