ITC Hotels Limited — JV/Acquisition, 16-07-2026: Acquisition

ITC Hotels is making a strategic move, acquiring GHK Hospitality & Infrastructures, owner of the 130-key Welcomhotel Ahmedabad, for an enterprise value of ₹155 crore. This 100% acquisition allows ITC Hotels to expand its owned asset portfolio in a key market, leveraging Ahmedabad's diversified year-round demand. It’s a value-accretive step, securing full ownership of a hotel the company already manages, reinforcing its presence and operational footprint.