ITC Hotels Limited has announced that its Board of Directors has approved the incorporation of a wholly owned subsidiary in Dubai, United Arab Emirates. This strategic move, subject to regulatory approvals, aims to expand the company’s international presence. The new entity will focus on the hotels and hospitality sector, with an initial investment of up to ₹20 crore.
ITC Hotels Expands International Footprint with Dubai Subsidiary
ITC Hotels Limited is set to expand its global reach with the approval to incorporate a wholly owned subsidiary in Dubai, United Arab Emirates. The decision was made by the company’s Board of Directors during a meeting held on October 26, 2026. This strategic initiative is a significant step towards broadening ITC Hotels’ international presence in key global markets.
Business Focus and Investment
The newly established entity in Dubai will primarily engage in the business of operating hotels and restaurants, alongside other related hospitality activities. The incorporation is contingent upon securing the necessary regulatory approvals from the concerned authorities in Dubai. Upon its formation, ITC Hotels Limited will subscribe to 100% of the subsidiary’s share capital at face value, with an initial investment not exceeding ₹20 crore, to be infused in tranches.
Industry Alignment
The subsidiary will operate within the Hotels and Hospitality industry, aligning with ITC Hotels’ core business expertise and its ongoing efforts to strengthen its position in the global hospitality landscape. This expansion is expected to open new avenues for growth and revenue generation for the company.
Source: BSE
