Acquisitions1 Dec 2025, 06:42 pm
Indian Hotels Company Ltd Subsidiary Acquires 51% Stake in ANK Hotels and Pride Hospitality for 109.3 Crores and 81.2 Crores Respectively
AI Summary
The Indian Hotels Company Ltd (IHCL) announced that its wholly owned subsidiary, Roots Corporation Limited (RCL), has acquired 51% (on a fully diluted basis) of the share capital in ANK Hotels Private Limited (ANK) and Pride Hospitality Private Limited (Pride). The acquisition was made through Share Subscription and Purchase Agreement and Shareholders’ Agreement for ANK, and Subscription Agreement and Shareholders’ Agreement for Pride, for a total consideration of 109.3 crores and 81.2 crores respectively. This acquisition will add a portfolio of 119 midscale hotels (with 67 hotels in operation) for ANK and 28 midscale hotels (with 14 hotels in operation) for Pride, to IHCL and its affiliates’ portfolio.
Key Highlights
- Indian Hotels Company Ltd (IHCL) subsidiary, Roots Corporation Limited (RCL), acquires 51% stake in ANK Hotels Private Limited (ANK) and Pride Hospitality Private Limited (Pride)
- Total consideration for ANK is 109.3 crores and for Pride is 81.2 crores
- Acquisition will add a portfolio of 119 midscale hotels (with 67 hotels in operation) for ANK and 28 midscale hotels (with 14 hotels in operation) for Pride, to IHCL and its affiliates’ portfolio
- ANK and Pride will become subsidiaries of RCL and step-down subsidiaries of IHCL
- The acquisition is part of IHCL's asset light growth strategy