Acquisitions14 Jan 2025, 04:04 am
INDIAN HOTELS CO.LTD. Completes Acquisition of 55% Stake in Rajscape Hotels Private Limited for Rs. 17,65,56,900
AI Summary
The Indian Hotels Company Limited (IHCL) has completed the acquisition of 55% (Fifty-Five percent) of the issued and paid-up share capital of Rajscape Hotels Private Limited for a total consideration of around Rs. 17.66 Crores (Rupees Seventeen Crores Sixty-Six Lakhs only). Rajscape Hotels Private Limited operates 16 properties under the brand ‘Tree of Life Resorts & Hotels’, a luxury hospitality brand that specializes in boutique properties offering immersive and experiential stays. This acquisition provides IHCL access to an additional brand and expansion opportunity in the space of small boutique and experiential stays segment where the company can pursue an asset light growth strategy.
Key Highlights
- IHCL has completed the acquisition of 55% stake in Rajscape Hotels Private Limited for Rs. 17,65,56,900.
- Rajscape Hotels Private Limited operates 16 properties under the luxury hospitality brand ‘Tree of Life Resorts & Hotels’.
- This acquisition provides IHCL access to an additional brand and expansion opportunity in the space of small boutique and experiential stays segment.
- Rajscape Hotels Private Limited is a luxury hospitality brand that specializes in boutique properties offering immersive and experiential stays.
- The acquisition is not a related party transaction and the Promoter / Promoter Group / group companies do not have any interest in the entity being acquired.