Indian Hotels Company jumps on debuting in Meghalaya with launch of Vivanta Meghalaya

Indian Hotels Company is currently trading at Rs. 316.15, up by 6.00 points or 1.93% from its previous closing of Rs. 310.15 on the BSE.

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The scrip opened at Rs. 307.20 and has touched a high and low of Rs. 317.00 and Rs. 304.80 respectively. So far 241265 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 348.70 on 06-Oct-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. 344.25 and Rs. 304.80 respectively. The current market cap of the company is Rs. 44849.12 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 debuted in the North Eastern state of Meghalaya, with the opening of Vivanta Meghalaya, Shillong. Located in the heart of the state’s capital, the stylishly designed hotel, brings alive the breath-taking beauty of the hills of Shillong.

Featuring a combination of 101 rooms and suites, Vivanta Meghalaya is located in the midst of the city’s popular tourist district, with easy access to a multitude of dining and shopping options. Inspired by the rolling hills and pine forests, the design of the hotel pays ode to Meghalaya known as the ‘abode of clouds’.

The hotel’s young and vibrant vibe is further raised by Mynt, the all-day diner, which offers a mix of global and local favourites, and Wink bar, whose classic design makes it perfect for an evening of cocktails and conversations.

A meeting room and banqueting space make this hotel the ideal location for meetings and social gatherings. With the addition of this hotel, IHCL has nine hotels in North East India, including four 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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