Announced Tue, 1 Sept, 2026 · 19:26 IST
ITC Hotels acquires 100% stake in GHK Hospitality for Rs 155 cr
ITCHOTELS · price
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Price reaction · full curve 14 horizons · vs prior close
-0.4%1-day move
₹161.20
prior close
₹161.00
base price
After-mkt
timing
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-2.6-2.8-2.7-1.8-0.4-0.1-2.2-2.5-3.5-4.2+1.8-1.5——
Up moveDown movePending
AI summary
ITC Hotels has acquired 100% of GHK Hospitality & Infrastructures for an enterprise value of Rs 155 crores in cash, making it a wholly owned subsidiary. GHK owns Welcomhotel Ahmedabad with 130 keys, already operated by ITC Hotels under a management deal. Acquisition strengthens owned asset portfolio in Ahmedabad across all segments. GHK turnover: Rs 35.16 cr in FY26, up from Rs 31.23 cr in FY25. Deal is not a related party transaction and needs no regulatory approvals.
Likely market impact
Adds 130-room owned asset in Ahmedabad; company calls it value-accretive. Small relative to ITC Hotels' overall size.