ipo services in India

India IPO

01 Dec 2025

Indian Hotels’ subsidiary Roots Corp acquires 51% each in Pride Hospitality and ANK Hotels

RCL has subscribed to 1,14,490 equity shares in Pride Hospitality at an issue price of ₹7,091 per share, amounting to ₹81.2 crore. For ANK Hotels, RCL acquired 7,432 equity shares at ₹1,47,059 per share, totalling ₹109.3 crore. The shares of Indian Hotels Company Limited ended 0.6% in the green on Monday, December 1. The stock has fallen over 14% in the year so far.

Indian Hotels’ subsidiary Roots Corp acquires 51% each in Pride Hospitality and ANK Hotels

Indian Hotels Arm Roots Corp Acquires Stakes in Two Hospitality Companies

Indian Hotels Company Limited (IHCL) has announced that its wholly-owned subsidiary, Roots Corporation Limited (RCL), has acquired a 51% stake each in Pride Hospitality Private Limited and ANK Hotels Private Limited.

Financial Details of the Acquisitions

RCL subscribed to 1,14,490 equity shares in Pride Hospitality at an issue price of ₹7,091 per share, amounting to ₹81.2 crore.
RCL acquired 7,432 equity shares in ANK Hotels at ₹1,47,059 per share, totalling ₹109.3 crore.

Following the completion of the transactions, both Pride and ANK will become subsidiaries of RCL and step-down subsidiaries of IHCL.

About the Acquired Companies

ANK Hotels: Incorporated in 1996 and based in Lucknow, it manages 119 midscale hotels, with 67 currently operational. It reported a turnover of ₹14.32 crore in FY25.
Pride Hospitality: Incorporated in 2005 and headquartered in Jaipur, it operates 28 hotels, of which 14 are in operation, and posted ₹19 crore in revenue in FY25.

The shares of Indian Hotels Company Limited ended 0.6% in the green on Monday, December 1. The stock has fallen over 14% in the year so far.

Related News

KEI Industries begins trial run at new Sanand cable plant; to go live by Dec 10