Stocks News

Share price of Tata group surges after acquisition of 55% stake worth ₹18 Cr from Rajscape

Indian Hotels Company Ltd (IHCL), part of the Tata Group, has planned to acquire Rajscape Hotels Private Limited. This strategic move aims to strengthen IHCL’s market presence in the Indian hotel industry and further consolidate its position as South Asia’s largest hotel company.

stock price movement

stock price Indian Hotel Company Limited rose 2.7% from today’s low to Rs. $668 per share Tuesday. The previous closing price was Rs. It is 666.55 per share. Over the past six months, the stock has returned over 16.93%. The current market capitalization is approximately 100 billion won. $9.51 trillion as of November 5, 2024.

what’s going on

Tata Group-owned Indian Hotels Company Ltd (IHCL) has approved acquisition of approximately 55% stake in Rajscape Hotels Private Limited for ₹18 crores. With this acquisition, IHCL strengthens its position as South Asia’s largest hotel company and adds to its existing portfolio of over 200 hotels across 12 countries across four continents.

Established in 2005, Rajscape Hotels Private Limited operates in the travel and hospitality sector. Despite recent financial challenges, including negative profit margins, IHCL sees strategic value in this acquisition. The move is in line with IHCL’s expansion strategy and aims to strengthen its market presence and service offerings in the growing hotel industry segment in India.

Also read…

finance

The company’s consolidated net profit increased 10.16% to KRW 1.1 trillion. 236 million in the second quarter of fiscal 2024. 26 billion in the second quarter of FY25. Compared to the last quarter of FY25, revenue declined by 18.63% QoQ from Rs. 1,905 crore ~ ​​​​Rs. 155 billion.

The company’s EPS declined 40.2% from Rs. 2.93 in the first quarter of 2025 to Rs. In the second quarter of 2025, it is 1.75. Operating profit margin (OPM) also fell to 29%.

About us

Founded by Jamsetji Tata in 1899, Indian Hotels Company Limited (IHCL) is a leading global hospitality company headquartered in Mumbai, India. Recognized for its distinguished heritage and exceptional service standards, IHCL operates a diverse portfolio of luxury, upscale and mid-range hotels along with unique homestays.

The company’s product offerings include the iconic Taj brand, known for its world-class service. Vivanta and SeleQtions for sophisticated travelers; And Ginger offers affordable yet quality accommodation. Currently, IHCL operates 260 hotels in 12 countries and is developing 73 hotels.

In the 2022-23 financial year, IHCL strengthened its growth strategy by signing 36 new hotels and opening 16 more. Committed to sustainability, IHCL focuses on eco-friendly practices while maintaining its status as South Asia’s largest hotel company by market capitalization. IHCL continues to deliver unparalleled experiences to customers around the world by combining rich heritage and modern practices.

Written by Fazal Ul Vahab CH

disclaimer

The views and investment tips expressed by the investment experts/brokers/rating agencies of tradebrains.in are their own and not the views and investment tips of the website or its management. Investing in stocks carries the risk of financial loss. Therefore, investors must exercise appropriate caution while investing or trading in stocks. Neither Dailyraven Technologies nor the author will be liable for any loss incurred as a result of decisions made based on this article. Consult your investment advisor before investing.


Start your stock market journey now!

Want to learn stock market trading and investing? Check out exclusive stock market courses from FinGrad, a learning initiative from Trade Brains. You can sign up for free courses and webinars from FinGrad and start your trading career today. Sign up now!!

Related Articles

Back to top button