IHCL to sell 25.52% stake in Taj GVK to promoter Shalini Bhupal at Rs 370 per share

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TAJGVK · price

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

+7.1%Reaction day

₹380.00

prior close

₹385.80

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.4%+5.7% vs market

Hotels & Resorts peers, median of 55sector+0.7%+6.4% vs sector

On the reaction day the stock moved 5.7 pts more than Nifty Microcap 250 and 6.4 pts more 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

+2.9

10m

+2.7

15m

+2.2

30m

+5.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+7.1+1.4+5.7+0.7+6.4

Next day

+8.9+1.4+7.5+0.8+8.1

+8.6+0.9+7.8+0.3+8.3

+12.4+0.3+12.1+0.5+12.0

+13.9-0.4+14.4-0.3+14.2

+12.6-0.5+13.1-0.0+12.6

+11.8+1.1+10.7+0.4+11.4

15d

+8.3-2.5+10.8-2.1+10.4

-1.9-6.1+4.2-5.1+3.2

-10.0-2.8-7.2-7.1-3.0

-25.5-14.9-10.5-17.9-7.5

UpDownMarket · Nifty Microcap 250Sector · Hotels & Resorts peers, median of 55Pending

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

AI summary

Indian Hotels Company (IHCL) will sell its 1.60 crore equity shares (25.52%) in Taj GVK Hotels to promoter group member Ms. Shalini Bhupal at Rs 370 per share, totaling about Rs 592 crore. The deal is an inter-se promoter transfer, raising the promoter group's combined stake from 49.47% to 74.99%. IHCL will continue operating existing hotels under Taj brand via Hotel Operating Agreements. The 2011 Shareholders Agreement and 2007 Trademark License Agreement will be terminated upon deal closure.

Likely market impact

Promoter group stake rises to 74.99% via inter-se transfer at Rs 370/share (about Rs 592 crore). No open offer. Taj brand operations continue.