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ITC Hotels Limited (ITCHOTELS)

Media Statement -Acquisition of shares of GHK Hospitality & Infrastructures Limited

Filed: 16 Jul 2026, 15:02 IST Exchange: BSE Category: Merger/Acquisition — Strategic Hotel Acquisition
ITC Hotels signed definitive agreement to acquire 100% stake in GHK Hospitality & Infrastructures Ltd owning Welcomhotel Ahmedabad for Rs. 155 Cr on a debt-free, cash-free basis. The 130-room Upper Upscale hotel is in Ahmedabad's commercial hub with banquet space and premium amenities. Acquisition expected within current quarter and will be EPS accretive in first full year. This strengthens ITC's owned portfolio in Ahmedabad and capitalizes on city’s growing corporate and leisure demand.
Source: Original filing PDF — view on exchange portal
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Important. The summary above is generated automatically from ITC Hotels Limited's own public regulatory filing under SEBI LODR. Indian Stock Alerts is not a SEBI-registered Research Analyst or Investment Adviser. This page is informational, not investment advice, a recommendation to buy or sell any security, or any opinion about the company's business, governance or financial health. Always read the original filing before acting and consult a registered adviser for investment decisions.