Acquisitions15 Jan 2026, 05:21 pm
Indian Hotels Company Ltd to Acquire 51% Stake in Brij Hospitality Private Limited for INR 225 Crore
AI Summary
The Indian Hotels Company Ltd (IHCL) has approved the execution of certain definitive agreements to acquire around 51% stake in Brij Hospitality Private Limited for an aggregate amount not exceeding INR 225,00,00,000. The Target, Brij Hospitality Private Limited, operates and manages hotel assets under the 'Brij' brand and has a portfolio of 22 hotels with a turnover of INR 62.31 Crore in FY 2024-2025. The acquisition is expected to be completed by March 31, 2026.
Key Highlights
- IHCL to acquire 51% stake in Brij Hospitality Private Limited for INR 225 Crore
- Brij Hospitality Private Limited operates and manages hotel assets under the 'Brij' brand
- The Target has a portfolio of 22 hotels with a turnover of INR 62.31 Crore in FY 2024-2025
- The acquisition is expected to be completed by March 31, 2026
- One of the seller shareholders of Brij is related to the director of Pride, a step-down subsidiary of IHCL, but the transaction is being done at arms length