ITC Hotels Limited to Acquire 100 Percent Stake in GHK Hospitality & Infrastructures Limited for ₹ 155 Crores

ITC Hotels Limited to Acquire 100 Percent Stake in GHK Hospitality & Infrastructures Limited for ₹ 155 Crores​

ITC Hotels Limited has entered into a Share Purchase and Share Subscription Agreement to acquire 100 percent of the share capital of GHK Hospitality & Infrastructures Limited. The transaction received Board approval on July 16, 2026, and is intended to expand the company's owned asset portfolio in Ahmedabad across all market segments.

The acquisition is valued at an enterprise value of ₹ 155 crores on a cash-free, debt-free basis. This investment will be executed through a combination of primary subscription and secondary purchase of equity shares for cash consideration. ITC Hotels Limited expects to complete the transaction within the second quarter of fiscal year 2027.

Strategic Expansion in Ahmedabad​

The target entity, GHK Hospitality & Infrastructures Limited, is a public limited company headquartered in Ahmedabad, India. It operates in the hospitality industry and owns Welcomhotel Ahmedabad, which features 130 keys. The acquisition allows ITC Hotels Limited to capitalize on the diversified year-round demand in the Ahmedabad market.

The company currently operates the property under an Operating Services Agreement. This value-accretive transaction provides a strategic opportunity for the company to strengthen its presence in the hospitality sector while growing its owned assets.

Financial Overview of GHK Hospitality & Infrastructures Limited​

GHK Hospitality & Infrastructures Limited was incorporated on May 10, 2007. The financial performance of the entity over the last three fiscal years is detailed below:

ITCHOTELS Stock Price Movement​

ITC Hotels Limited shares tumbled by 3.08% today to settle at ₹177.84 after the market closed. The stock saw active participation with a trading volume of 3.74 million shares.