IHCL acquires majority stake in wellness resort operator Sparsh Infratech

The Indian Hotels Company Limited (IHCL) announced the acquisition of approximately 51% equity stake in Sparsh Infratech Private Limited for an investment of approximately ₹240 crores. Sparsh Infratech owns and operates 'Atmantan', a health and wellness resort located in Mulshi, Maharashtra. The enterprise value for this transaction is approximately ₹415 crores.

The acquisition, approved by IHCL's board of directors, marks the company's official entry into the integrated wellness segment. The acquisition is subject to the fulfillment of certain conditions precedent, with an indicative timeframe for completion by December 31, 2025, or a later agreed-upon date, with the consideration paid in cash.

Sparsh Infratech Private Limited, established in 2007, generated a turnover of ₹76.7 crores in FY 2025, ₹64.7 crores in FY 2024, and ₹49.7 crores in FY 2023. The company provides integrated preventive healthcare, lifestyle management, hospitality, and therapeutic services, including a dedicated wellness block. The acquisition is not classified as a related-party transaction.