Archive · 2 Sep 2026
ITC Hotels completes GHK Hospitality acquisition for Rs 155 crore
ITC Hotels has bought shares in a company called GHK Hospitality.
The deal was completed on September 1, 2026.
The total enterprise value of the deal was Rs 155 crore.
ITC Hotels bought more than 2.82 crore shares.
Some shares were newly subscribed to by ITC Hotels.
Other shares were purchased from existing shareholders.
The deal was arranged without cash or debt being included in the acquired business.
The final amount may change because of customary adjustments in the agreement.
ITC Hotels completed its acquisition of GHK Hospitality on September 1, 2026.
The transaction valued GHK Hospitality at an enterprise value of Rs 155 crore.
The acquisition was conducted on a cash-free, debt-free basis, subject to customary adjustments.
ITC Hotels acquired 2,82,27,741 equity shares in GHK Hospitality.
The purchase included 1,54,54,545 shares through primary subscription and 1,27,73,196 through secondary purchases.
- Who
- ITC Hotels Ltd and GHK Hospitality.
- What
- ITC Hotels completed the acquisition of 2,82,27,741 equity shares of GHK Hospitality.
- When
- September 1, 2026.
- Where
- The completion was disclosed in ITC Hotels' filing to stock exchanges; no transaction location was specified.
- Why
- The acquisition was completed under the Share Purchase and Share Subscription Agreement for an enterprise value of Rs 155 crore.
- Acquirer
- ITC Hotels Ltd
- Target
- GHK Hospitality
- Enterprise value
- Rs 155 crore
- Total shares acquired
- 2,82,27,741 equity shares
- Primary subscription
- 1,54,54,545 equity shares
- Secondary purchases
- 1,27,73,196 equity shares
- Transaction basis
- Cash-free, debt-free, subject to customary adjustments