The Indian Hotels Company (IHCL) through its wholly-owned subsidiary, Roots Corporation Limited (RCL), has acquired a 51% stake in both ANK Hotels Private Limited and Pride Hospitality Private Limited. The investments amount to ₹109.3 crores in ANK and ₹81.2 crores in Pride. This strategic move will add over 140 hotels operated under ‘The Clarks Hotels & Resorts’ to IHCL’s portfolio.
Strategic Acquisition Details
The Indian Hotels Company (IHCL) announced on December 1, 2025, that its subsidiary, Roots Corporation Limited (RCL), has acquired a 51% stake in ANK Hotels Private Limited (ANK) and Pride Hospitality Private Limited (Pride).
Accession agreements formalizing the investments have been completed. RCL has acquired the majority stake in both entities through a combination of share subscription and purchase agreements.
Financial Investment
The total investment includes:
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₹109.3 crores in ANK Hotels Private Limited.
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₹81.2 crores in Pride Hospitality Private Limited.
Portfolio Expansion
This transaction allows IHCL to add a portfolio of over 140 hotels, which are currently managed under ‘The Clarks Hotels & Resorts’ brand. This expansion primarily focuses on locations across India.
ANK Hotels Acquisition
Through the acquisition of 7,432 equity shares at a price of ₹1,47,059 per share, RCL acquired 51% of the share capital in ANK Hotels Private Limited. ANK Hotels operates 119 midscale hotels (with 67 in operation) under brands such as Clarks Inn.
Pride Hospitality Acquisition
RCL acquired 1,14,490 equity shares at an issue price of ₹7,091 per share. This acquisition results in RCL owning 51% of Pride Hospitality Private Limited. Pride Hospitality has a portfolio of 28 midscale hotels (with 14 in operation) under the brands Clarks Safari and Clarks Resort.
Strategic Rationale
The acquisitions aim to increase IHCL’s presence across India’s heterogenous market landscape, especially within the midscale segment. It’s also aligned with IHCL’s asset-light growth strategy.
Source: BSE
