Taj GVK Hotels & Resorts promoter to boost stake

Shalini Bhupal, a promoter of TAJGVK Hotels & Resorts Limited, intends to acquire 16,000,400 equity shares from The Indian Hotels Company Limited. This acquisition, valued at ₹370 per share, represents 25.52% of the company's paid-up share capital. The transaction is slated to occur between December 29 and 31, 2025.

This inter-se transfer among promoters falls under the exemptions specified in Regulation 10(1)(a)(ii) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Following the acquisition, Shalini Bhupal’s total shareholding in TAJGVK Hotels & Resorts will increase from 5,000 shares (0.01%) to 16,005,400 shares, representing 25.53% of the company's share capital.

The volume-weighted average market price for the preceding 60 trading days was ₹411.53. The acquirer has confirmed that the acquisition price will not exceed 25% of this computed price, and all conditions under Regulation 10(1)(a) regarding exemptions have been duly met.