IHCL exits Taj GVK Hotels; Shalini Bhupal acquires 25.52% stake for ₹592 crore

IHCL will continue to operate the existing hotel portfolio under the respective hotel operating agreements. The company is permitted to use the ‘Taj’ or ‘Vivanta’ brand as per these agreements. Shares of TAJ GVK Hotels and Resorts Ltd ended at ₹428, down by ₹4.60, or 1.06%, on the BSE today, December 30.

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