Taj GVK Hotels: IHCL reclassified from Promoter to Public

Taj GVK Hotels & Resorts Ltd announced that its Board of Directors has approved the reclassification of The Indian Hotels Company Limited (IHCL) from the 'Promoter Group' category to the 'Public' category. This change will be reflected in the company's shareholder pattern. The decision aligns with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically Regulation 31A. IHCL confirmed it no longer holds significant voting rights, exercises control, or has special rights in Taj GVK Hotels & Resorts Ltd. The reclassification is subject to stock exchange approvals.