IHCL completes 51 percent stake buy in Sparsh Infratech for Rs 232 Cr
INDHOTEL · price
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IHCL has completed acquiring about 51 percent stake in Sparsh Infratech Private Limited for around Rs 232 Crores in cash. SIPL runs Atmantan, a luxury wellness resort in Mulshi, Maharashtra, and is now a subsidiary of IHCL. SIPL reported FY25 turnover of Rs 76.7 Cr and EBITDA of Rs 37.2 Cr. The deal marks IHCL's entry into the integrated wellness segment and is not a related-party transaction.
Diversifies IHCL into the wellness segment with a margin-accretive asset. Cash deal funded internally with no related-party concerns.