ITC Hotels Limited has successfully acquired 100% of the share capital of GHK Hospitality & Infrastructures Limited (‘GHK’). This significant transaction, effective from September 1, 2026, makes GHK a wholly owned subsidiary of ITC Hotels. The acquisition aims to expand the company’s owned asset portfolio in Ahmedabad, leveraging the established hotel and its diversified year-round demand. The total consideration for this acquisition was ₹155 crores.
ITC Hotels Completes GHK Hospitality Acquisition
ITC Hotels Limited announced today, September 1, 2026, the successful acquisition of 100% of the share capital of GHK Hospitality & Infrastructures Limited (‘GHK’). This strategic move, confirmed at 6:15 p.m., marks GHK as a wholly owned subsidiary of ITC Hotels, effective from the same date. This development aligns with ITC Hotels’ growth strategy and enhances its market presence.
Strategic Rationale and Impact
The acquisition is poised to allow ITC Hotels to expand its owned asset portfolio in Ahmedabad. GHK Hospitality owns and operates the ‘Welcomhotel Ahmedabad,’ a hotel with 130 keys. The transaction is considered value-accretive, providing an opportunity for the company to capitalize on Ahmedabad’s diversified year-round demand. The strategic intent is to integrate the acquired hotel into ITC Hotels’ network and further strengthen its offerings in key hospitality markets.
Transaction Details
The acquisition was completed based on an enterprise value of ₹155 crores on a cash-free, debt-free basis. The transaction was executed through a Share Purchase and Share Subscription Agreement dated July 16, 2026. ITC Hotels acquired a total of 2,82,27,741 equity shares of GHK. This includes 1,54,54,545 equity shares via primary subscription and 1,27,73,196 equity shares through secondary purchases, solidifying full ownership.
GHK Hospitality Background
GHK Hospitality & Infrastructures Limited is a public limited company incorporated on May 10, 2007, with its registered office in Ahmedabad, Gujarat, India. The company is engaged in the hospitality business and specifically owns the ‘Welcomhotel Ahmedabad’. For the last three audited financial years, GHK reported significant turnover: ₹25.62 crores in FY 2023-24, ₹31.23 crores in FY 2024-25, and ₹35.16 crores in FY 2025-26.
Source: BSE
