ITC Hotels Limited has informed the Exchange regarding 'Acquisition - Media Statement and Presentation'.

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

₹156.75

prior close

₹157.79

announcement price

After-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-0.2%-1.7% vs market

Hotels & Resorts peers, median of 52sector-1.9%-0.1% vs sector

On the reaction day the stock moved 1.7 pts less than Nifty Midcap 150 and 0.1 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

-2.0

10m

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15m

-3.2

30m

-3.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.0-0.2-1.7-1.9-0.1

Next day

-0.0+0.5-0.6-0.7+0.7

-2.0+0.9-2.9-0.8-1.2

-1.4+1.0-2.4-0.5-1.0

-1.5+1.1-2.6-0.5-1.0

+0.0+2.0-2.0+0.7-0.7

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15d

-3.7-0.2-3.5-1.5-2.2

+3.1+2.9+0.3-1.2+4.3

+6.5+3.7+2.8-1.0+7.5

+4.7+5.0-0.2-3.5+8.2

UpDownMarket · Nifty Midcap 150Sector · Hotels & Resorts peers, median of 52Pending

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

AI summary

ITC Hotels Limited has signed definitive agreements to acquire 100% stake in Zuri Hotels & Resorts Private Limited, which owns The Zuri Kumarakom, Kerala Resort & Spa. The acquisition is at an Enterprise Value of Rs. 205 crores on a debt-free and cash-free basis, expected to close over the next few days. The resort spans 18 acres with 72 keys including 38 villas and cottages along Vembanad Lake in Kumarakom, Kerala. Post extensive renovation, the property will be rebranded as an ITC Hotels luxury resort. The company expects stabilized revenue to be close to 3x of current levels and margin accretive to its portfolio.

Likely market impact

This acquisition expands ITC Hotels' luxury portfolio into a strategic leisure destination, with potential for significant revenue growth and margin improvement once renovation and rebranding are complete.