Archive · 31 Dec 2025
IHCL Sells Stake in Taj GVK
Indian Hotels Company Ltd (IHCL), which runs the Taj hotels, sold its entire 25.52% stake in Taj GVK Hotels & Resorts Ltd to Shalini Bhupal from the GVK-Bhupal family for ₹592 crore.
This ends their joint venture, but IHCL will still manage six existing hotels and one planned hotel in Bengaluru.
The sale was part of IHCL's plan to focus on managing hotels without owning them, which gives them more money for other growth opportunities.
IHCL's representatives left the Taj GVK board, and the company will change its name and stop using the 'Taj' name.
The GVK-Bhupal family, which now owns 74.99%, will continue running the company.
IHCL sold its 25.52% stake in Taj GVK Hotels & Resorts Ltd to Shalini Bhupal for ₹592 crore.
The transaction ends the joint venture between IHCL and the GVK-Bhupal family.
IHCL will continue to manage six existing properties and one planned hotel in Bengaluru under a long-term agreement.
IHCL's nominees resigned from the Taj GVK board following the share sale.
Taj GVK will change its corporate name and discontinue the use of the 'Taj' name.
- Who
- Indian Hotels Company Ltd (IHCL) and GVK-Bhupal family
- What
- IHCL sold its 25.52% stake in Taj GVK Hotels & Resorts Ltd
- When
- December 30, 2025
- Where
- India
- Why
- Part of IHCL's asset-light growth strategy to focus on hotel management and reduce equity investments
IHCL's Strategic Shift
GVK-Bhupal Family's Full Control
Business Model
IHCL's Strategic Shift
IHCL aims for an asset-light model to focus on management and high-margin growth.
GVK-Bhupal Family's Full Control
GVK-Bhupal family gains full control, allowing them to rebrand and operate independently.
- Company
- Indian Hotels Company Ltd (IHCL)
- Stake Sold
- 25.52%
- Buyer
- Shalini Bhupal (GVK-Bhupal family)
- Transaction Value
- ₹592 crore
- Shares Sold
- 1.6 million
- Share Price
- ₹370 per share
- Properties Managed
- Six existing and one planned in Bengaluru
- Terminated Agreements
- Shareholders’ agreement (2011) and trademark license agreement (2007)
