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ITCHOTELSBSEITC HOTELS LIMITED· Leisure ServicesHighPositive
Announced Thu, 16 Jul, 2026 · 14:07 IST

ITC Hotels to fully acquire GHK Hospitality for about Rs 155 crores

Listed Co AcquisitionStrategic Transactions View source PDFExplain this filing

ITCHOTELS · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close
-5.3%Reaction day
₹183.73
prior close
₹180.15
announcement price
In-mkt
timing
Nifty Midcap 150market-0.4%-4.9% vs market
Hotels & Resorts peers, median of 55sector-0.2%-5.1% vs sector

On the reaction day the stock moved 4.9 pts less than Nifty Midcap 150 and 5.1 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
5m
-2.3
10m
-3.0
15m
-3.0
30m
-3.1
Sessions after the filingfrom the prior close
StockMarketvs marketSectorvs sector
Reaction day
-5.3-0.4-4.9-0.2-5.1
Next day
-6.4-0.8-5.6-1.3-5.0
2d
-9.1-0.3-8.9-0.6-8.6
3d
-10.8+0.1-10.9-0.6-10.2
4d
-10.8-1.0-9.8-1.7-9.1
5d
-11.9-1.9-9.9-1.6-10.2
1w
-9.6-1.0-8.6-0.8-8.8
15d
-7.2+0.7-7.9-0.9-6.3
1m
-9.7+1.3-11.0-3.0-6.7
2m
-16.6-3.4-13.2-5.1-11.5
3m
-11.6-6.1-5.5-8.1-3.5
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 to acquire 100% of GHK Hospitality, which owns Welcomhotel Ahmedabad (130 keys), for an enterprise value of Rs 155 crores on a cash-free, debt-free basis. Cash deal. GHK turnover was Rs 35.16 cr in FY26 vs Rs 25.62 cr in FY24, showing growth. The hotel is already operated by ITC Hotels under a management deal. Acquisition expected to close in Q2 FY27. Not a related party transaction; no regulatory approvals needed.

Likely market impact

Positive - value-accretive deal adds an owned Ahmedabad asset at Rs 155 cr EV, converting an existing managed hotel into owned. Modest scale relative to ITC Hotels overall portfolio.