The Indian Hotels Company Limited has informed the Exchange about Acquisition

IHCL along with its step-down subsidiaries ANK Hotels Private Limited and Pride Hospitality Private Limited has completed the acquisition of 51% of the share capital in Brij Hospital Private Limited for a total investment of up to ₹222 crores. The acquisition was carried out through a combination of purchase from existing shareholders and primary investment via Compulsorily Convertible Preference Shares and partly paid-up equity shares. Following the completion of this transaction, Brij Hospital Private Limited has become a subsidiary of IHCL.