Indian Hotels shares gain over 1.5% on Tata Group firm's latest acquisition announcement; check details

These entities have a portfolio of 135 hotels operated under 'The Clarks Hotels & Resorts' brand.

The transactions to be executed via cash consideration are expected to be completed by November 15, 2025.

The share subscription and purchase agreements and shareholders' agreements were executed to acquire about 51% equity stake for an amount not exceeding ₹110 crore in ANK Hotels Pvt Ltd and ₹94 crore in Pride Hospitality Pvt Ltd, according to a regulatory filing.

"The foregoing companies have a portfolio of 135 hotels which are operated under 'The Clarks Hotels & Resorts', primarily across India," IHCL said.

The country's biggest hospitality player has also signed a distribution & marketing agreement with 'Brij Hospitality Pvt Ltd', which has a portfolio of 19 hotels under the Brij Brand, primarily across the country.

The transactions (subject to fulfilment of certain condition precedents) aim to address India's heterogenous market landscape and provide deeper geographical penetration across India in the midscale segment while continuing to pursue its asset-light growth strategy, IHCL stated in the filing.

The proposed acquisition of a 51% stake in ANK Hotels Pvt Ltd will add a portfolio of 111 midscale hotels (with 67 hotels in operation) to IHCL's portfolio.

Established in 1996, ANK Hotels Pvt Ltd has its registered office in Lucknow. It has a presence in India & Sri Lanka.

Pride Hospitality Pvt Ltd, established in 2005, has its registered office in Jaipur.

On August 3, 2025, Tata Group hospitality firm Indian Hotels Company Ltd (IHCL) is putting the spotlight on the North East for new properties in line with India's ambition of developing the region, according to its Managing Director and CEO Puneet Chhatwal.

The company has a portfolio of 15 hotels with 1,348 rooms in the North East, and six hotels with 634 rooms in the pipeline.

Developing properties in the East and North East has been a part of a strategic initiative, Chhatwal told PTI.

Indian Hotels Company Q1 FY26 Result

Indian Hotels Company, which operates the Taj Group of hotels, reported a net profit of ₹296 crore in the first quarter of the current financial year, marking an increase of 19% from ₹248 crore in the same period last year.

Its revenue from operations rose 32% to ₹2,041 crore in the April-June period from ₹1,550 crore in the year-ago period.

Operationally, Indian Hotels reported stable performance in the June quarter, as its earnings before interest, taxes, depreciation, and amortisation (EBITDA), also known as operating profit, advanced 28% to ₹576 crore as against ₹449 crore in the corresponding period last year.