ITC Hotels acquires Zuri Hotels and Resorts for Rs 205 crore enterprise value
ITC Hotels takes 100% ownership of Zuri Hotels and Resorts in a Rs 205 crore EV deal, expanding its hospitality footprint via inorganic growth. The transaction signals continued consolidation in India's branded hotel segment as listed players absorb regional chains.
ITC Hotels acquires 100% of Zuri Hotels and Resorts for Rs 205 crore enterprise value. Delhi cuts ATF VAT benefiting IndiGo; Baazar Style Retail reports earnings Friday; TVS launches King EV MAX 3-wheeler in Nepal.
Why this matters
Acquisition lands alongside ITC Hotels' Q4 PAT jump of 23% to Rs 315.9 cr, reinforcing a growth phase combining strong earnings with inorganic expansion into regional hospitality assets like Zuri's Kerala resort.
Retail-company signals steady at 483 in the last 90 days, indicating consistent corporate activity.