17 Jul 2025

Indian Hotels Company Surges After Acquiring Stake in ELEL Hotel and Investment

Jul-17-2025 | 11:20 Hrs IST

Indian Hotels Company is trading at Rate RS 758.95, up by Rate RS 7.70 or 1.02% from its previous close of Rate RS 751.25 on the BSE.

The stock opened at Rate RS 754.00 and has touched an intraday high of Rate RS 760.80 and a low of Rate RS 751.25. A total of 76,210 shares have been traded so far on the counter.

The BSE Group ‘A’ stock, with a face value of Rate RS 1, recorded a 52-week high of Rate RS 894.15 on December 30, 2024, and a 52-week low of Rate RS 571.15 on July 19, 2024.

Over the last week, the stock has moved between a high of Rate RS 760.80 and a low of Rate RS 725.00. The company's current market capitalization stands at Rate RS 1,07,839.23 crore.

Promoter holding in the company is at 38.12%, while institutional and non-institutional investors hold 46.14% and 15.75%, respectively.

The stock gained after Indian Hotels Company announced it had acquired over 3.3 lakh equity shares in its wholly-owned subsidiary, ELEL Hotel and Investment, through a rights issue worth over Rate RS 165 crore. ELEL holds the leasehold rights to the land parcel at Bandstand, Bandra, where the Taj Bandstand project is proposed to be developed.

Indian Hotels Company, along with its subsidiaries—collectively known as Taj Hotels Resorts and Palaces—is recognized as one of Asia’s largest and most prestigious hotel chains. It operates across the luxury, premium, midmarket, and value segments.