Indian Hotels Company inches up on signing SeleQtions hotel in Uttar Pradesh

Indian Hotels Company is currently trading at Rs. 326.95, up by 0.20 points or 0.06% from its previous closing of Rs. 326.75 on the BSE.

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The scrip opened at Rs. 325.05 and has touched a high and low of Rs. 329.00 and Rs. 321.40 respectively. So far 247113 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 337.30 on 16-Sep-2022 and a 52 week low of Rs. 171.15 on 29-Nov-2021.

Last one week high and low of the scrip stood at Rs. 333.00 and Rs. 305.60 respectively. The current market cap of the company is Rs. 46496.78 crore.

The promoters holding in the company stood at 38.19%, while Institutions and Non-Institutions held 44.76% and 17.05% respectively.

Indian Hotels Company (IHCL) has signed a SeleQtions hotel in Dudhwa, Uttar Pradesh.

The currently operational property will be rebranded under the SeleQtions brand.

This is a franchise with Dudhwa Adventure Resorts.

Nestled in the rain forest of the Terai region of the Himalayas, this property will provide a gateway to three neighbouring forests reserves.

The 20-room hotel, set amidst 100-acre fruit orchards, offers an enchanting jungle experience with colonial luxury and contemporary comforts. It is at a comfortable driving distance from both Lucknow and Bareilly.

This will be operated by AM Hotel Kollection under the SeleQtions brand. It is slated to open later this year. With the addition of this, IHCL has 17 hotels in Uttar Pradesh including eight under development.

Indian Hotels Company and its subsidiaries are collectively known as Taj Hotels Resorts and Palaces and recognized as one of Asia’s largest and finest hotel company.

It operates in the luxury, premium, midmarket and value segments of the market.

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