Announced Thu, 16 Jul · 14:07 IST
ITC Hotels to fully acquire GHK Hospitality for about Rs 155 crores
ITCHOTELS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-6.4%1-day move
₹183.73
prior close
₹180.15
base price
In-mkt
timing
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-2.3-3.0-3.0-3.1-6.4-9.1-10.8-10.8-11.9-9.6————
Up moveDown movePending
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.