IHCL to acquire 51% each in ANK & Pride
IHCL, led by Tata Group, will acquire a 51% stake in ANK Hotels and Pride Hospitality for Rs 204 crore to add 135 midscale properties to its portfolio. This is part of their plan to nearly double their inventory by FY30. The company also signed a distribution and marketing agreement with Brij Hospitality. IHCL's expansion will see their number of rooms jump to 70,000 by FY30.