Archive · 23 Sep 2025
Indian Hotels Acquires Shares in ELEL Hotels for ₹101 Crore
Indian Hotels, a company, bought shares in one of its other companies called ELEL Hotels.
They spent ₹101 crore to get these shares, using a method called a rights issue.
This means they offered the shares to current shareholders first.
IHCL purchased 2,01,659 shares, each with a small face value but were bought at a higher price per share.
After this news, the price of Indian Hotels' own shares went down a little bit on the stock market.
Indian Hotels acquired shares of its subsidiary, ELEL Hotels.
The total investment in ELEL Hotels was ₹101 crore.
IHCL subscribed to 2,01,659 equity shares.
Each share had a face value of ₹10, but an issue price of ₹5,000.
Shares of Indian Hotels Company Ltd decreased by 2.22%.
- Who
- Indian Hotels Company Ltd (IHCL)
- What
- Acquired shares in subsidiary ELEL Hotels
- When
- Not explicitly mentioned, but reported in a filing
- Where
- Not explicitly mentioned
- Why
- Not explicitly mentioned, but likely as part of business operations.
- Acquisition
- Share purchase via rights issue
- Company
- Indian Hotels Company Ltd (IHCL)
- Subsidiary
- ELEL Hotels
- Share Purchase Amount
- ₹101 crore
- Shares Subscribed
- 2,01,659 equity shares
- Face Value per Share
- ₹10
- Issue Price per Share
- ₹5,000
- IHCL Stock Change
- Decreased by ₹17.05 (2.22%)