IHCL completes 51% acquisition of Brij Hospital for up to ₹222 Cr

The Indian Hotels Company Limited (IHCL), along with its step-down subsidiaries ANK Hotels Private Limited and Pride Hospitality Private Limited, has completed the acquisition of a 51% stake in Brij Hospital Private Limited (Brij). The total investment for this acquisition is up to ₹222 crores. The transaction involved both purchasing shares from existing shareholders of Brij and making a primary investment through a combination of Compulsorily Convertible Preference Shares and partly paid-up equity shares. As a result of this acquisition, Brij Hospital Private Limited has become a subsidiary of IHCL.