The Indian Hotels Company (IHCL) has completed the sale of its entire 25.52% shareholding in Taj GVK Hotels & Resorts to Ms. Shalini Bhupal for ₹370 per share. Consequent to this sale, agreements between the companies have been terminated, and IHCL’s nominee directors have stepped down. Taj GVK will also discontinue using the ‘Taj’ name.
Divestment of Stake
The Indian Hotels Company (IHCL) has sold its complete stake, representing 25.52%, in Taj GVK Hotels & Resorts Limited. This comprises 1,60,00,400 equity shares. The sale was executed on December 30, 2025.
Details of the Transaction
The shares were sold at a price of ₹370 per share to Ms. Shalini Bhupal. Following this transaction, she is not considered a promoter or part of the promoter group of IHCL.
Termination of Agreements
Following the sale of shares, a termination agreement was executed. Consequently, the Restated and Amended Shareholders’ Agreement dated November 4, 2011, and the Name and Trademark License Agreement dated November 22, 2007, have been terminated.
Changes in Leadership and Brand
As a result of the stake sale and termination of agreements, IHCL nominee directors on the Board of Taj GVK Hotels & Resorts have stepped down, effective December 30, 2025. Taj GVK Hotels & Resorts will also discontinue using the ‘Taj’ name and will change its corporate name accordingly.
Continued Operations
IHCL will continue to operate the existing portfolio of hotels of Taj GVK Hotels & Resorts under the existing Hotel Operating Agreements.
Source: BSE
