The Indian Hotels Company Limited has successfully completed its strategic acquisition of Sparsh Infratech Private Limited, marking a significant expansion into the wellness hospitality segment. The transaction, valued at ₹232.00 crores for approximately 51% stake, was completed on January 16, 2026, and brings the renowned Atmantan wellness resort under IHCL's portfolio.

Acquisition Details

The acquisition represents IHCL's foray into the integrated wellness segment through cash consideration. Following the completion of this transaction, Sparsh Infratech Private Limited has become a subsidiary of IHCL as per SEBI Listing Regulations.

Target Company Profile

Sparsh Infratech Private Limited, established in 2007, owns and operates the Atmantan health and wellness resort located at Mulshi, Maharashtra. The company is engaged in providing integrated preventive healthcare, lifestyle management, hospitality services, and therapeutic services through a dedicated wellness facility.

Financial Performance

The target company has demonstrated consistent growth over the past three years, with strong operational metrics for FY 2024-25:

Revenue Growth Trajectory

Sparsh Infratech has shown steady revenue growth across the last three financial years:

Strategic Significance

This acquisition marks IHCL's strategic entry into the integrated wellness segment, expanding beyond traditional hospitality services. The transaction aligns with the growing demand for wellness tourism and preventive healthcare services in India. The acquisition does not fall within the ambit of related party transactions, and no governmental or regulatory approvals were required for completion.

Regulatory Compliance

The acquisition was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. IHCL had initially announced the agreement to acquire the stake on November 14, 2025, and has now completed the transaction as scheduled. The company confirmed that promoter groups have no interest in the target entity, ensuring arm's length transaction principles.

The Indian Hotels Company Limited (IHCL) has announced a strategic acquisition to strengthen its presence in the boutique hospitality segment. The company's Board of Directors approved the acquisition of a 51% stake in Brij Hospitality Private Limited for an aggregate amount not exceeding ₹225 crores on January 15, 2026.

Acquisition Structure and Investment Details

The acquisition will be executed through multiple definitive agreements including Share Subscription and Purchase Agreement, Share Purchase Agreement(s), and Shareholders' Agreement. IHCL will acquire the stake directly and through its step-down subsidiaries ANK Hotels Private Limited and Pride Hospitality Private Limited.

Target Company Profile and Performance

Brij Hospitality Private Limited, established in 2022 with its registered office in Jaipur, operates in the hospitality sector with a focus on boutique hotels. The company manages a portfolio of 22 hotels under the 'Brij' brand, including properties operating under Brij Anayra, BrijRama Palace, and Brij Bageecha. Currently, 11 hotels are operational within this portfolio.

The target company has demonstrated consistent growth in its financial performance over the past three years:

Strategic Objectives and Business Rationale

The acquisition aligns with IHCL's strategy to develop the boutique leisure segment across India while maintaining its capital-light growth approach. The transaction will add 22 hotels to IHCL's existing portfolio, with 11 properties currently operational and contributing to revenue generation.

This expansion into the boutique hospitality segment represents IHCL's continued focus on diversifying its hotel portfolio beyond traditional luxury and business hotels. The acquisition provides immediate access to established properties and the 'Brij' brand presence in the Indian hospitality market.

Related Party Transaction and Regulatory Aspects

The transaction qualifies as a related party transaction, as one of the seller shareholders of Brij Hospitality is related to a director of Pride Hospitality Private Limited, IHCL's step-down subsidiary. However, the company has confirmed that the transaction is being conducted at arm's length.

No governmental or regulatory approvals are required for completing this acquisition. The transaction is subject to fulfillment of certain condition precedents as outlined in the definitive agreements.

Timeline and Implementation

IHCL expects to complete the acquisition on or before March 31, 2026, or such other date as may be mutually agreed between the parties. The company has disclosed this acquisition under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full compliance with regulatory disclosure requirements.