ITC Hotels Acquires 100% Stake in GHK Hospitality for ₹155 Crore
ITC Hotels acquired 100% of GHK Hospitality & Infrastructures Limited for ₹155 crores. GHK owns Welcomhotel Ahmedabad. The acquisition expands ITC's owned asset portfolio in Ahmedabad. GHK reported FY26 turnover of ₹35.16 crores.
The acquisition of a wholly owned subsidiary, especially one it already operates, is a strategic move that can positively impact future revenue and control, but the immediate financial impact will depend on the scale of operations and integration.
The acquisition is positive as it expands the company's owned asset portfolio and allows it to capitalize on market demand.
ITC Hotels Limited announced the successful acquisition of 100% of the share capital of GHK Hospitality & Infrastructures Limited (GHK) on September 1, 2026. This acquisition makes GHK a wholly owned subsidiary of ITC Hotels.
The acquisition, valued at an enterprise value of ₹155 crores on a cash-free, debt-free basis, aims to expand ITC Hotels' owned asset portfolio in Ahmedabad. GHK owns the Welcomhotel Ahmedabad, a 130-key hotel, which ITC Hotels currently operates under an Operating Services Agreement. The company believes this move will allow it to capitalize on Ahmedabad's demand for hospitality services.
The transaction was completed on September 1, 2026, with ITC Hotels acquiring 2,82,27,741 equity shares of GHK through primary subscription and secondary purchases. GHK Hospitality & Infrastructures Limited, incorporated on May 10, 2007, reported a turnover of ₹35.16 crores in FY26, ₹31.23 crores in FY25, and ₹25.62 crores in FY24. The acquisition does not involve related parties or promoters, and no governmental or regulatory approvals were required.
A plain-language summary of a public exchange filing by ITC Hotels Limited. Read the original for the full detail.