IHCL completes acquisition of 51 pc stake in Brij Hospitality for Rs 222 cr

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Indian Hotels Company (IHCL), a Tata Group firm, has finalized its acquisition of a 51% stake in Brij Hospitality for approximately Rs 222 crore. This strategic investment, made through IHCL and its step-down subsidiaries, now makes Brij Hospitality a subsidiary of IHCL. The deal involved purchasing shares from existing shareholders and a primary investment in Brij.