ITC Hotels Limited has informed the Exchange about Acquisition of shares of Zuri Hotels and Resorts Private Limited.

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

ITCHOTELS · price

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Price reactionminutes from the announcement price · days from the prior close

-2.0%Reaction day

₹156.70

prior close

₹154.60

announcement price

After-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+0.4%-2.3% vs market

Hotels & Resorts peers, median of 55sector+0.6%-2.6% vs sector

On the reaction day the stock moved 2.3 pts less than Nifty Midcap 150 and 2.6 pts less than its Hotels & Resorts peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-2.0+0.4-2.3+0.6-2.6

Next day

-1.4+0.5-1.9+0.7-2.1

-1.5+0.6-2.1+0.3-1.8

+0.0+1.4-1.4+1.8-1.8

-1.3+1.9-3.2+1.3-2.5

-0.1+2.3-2.4+1.1-1.2

-2.4-0.5-1.9-0.7-1.7

15d

-4.6-2.9-1.8-3.0-1.6

+11.7+3.1+8.6+2.3+9.3

+6.5+3.2+3.3+0.0+6.5

+5.8+4.5+1.3-0.7+6.5

UpDownMarket · Nifty Midcap 150Sector · Hotels & Resorts peers, median of 55Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

ITC Hotels Limited has completed acquisition of 100% share capital of Zuri Hotels and Resorts Private Limited (ZHRPL). The enterprise value is ₹205 crores on a cash-free, debt-free basis with consideration not exceeding ₹175 crores. ZHRPL owns 'The Zuri Kumarakom, Kerala Resort & Spa', a 72-key luxury resort with 2 restaurants, a bar and ayurvedic spa on 18 acres of land in Kerala. The acquired entity had turnover of around ₹21.6-22 crores over the last 3 years. Post renovation, the resort will be rebranded as a luxury resort. The transaction is not a related party transaction and was completed on 19th May, 2026.

Likely market impact

This acquisition strengthens ITC Hotels' presence in the luxury leisure segment through an established property. The ₹205 crore deal is expected to unlock brand-led value uplift and expand their portfolio with a premier luxury destination.