IHCL Exits Taj GVK Hotels; Shalini Bhupal Acquires 25.52% Stake for ₹592 Crore

• Shalini Bhupal, a promoter shareholder, acquired 25.52% stake (1.60 crore shares) in Taj GVK Hotels & Resorts Ltd from IHCL for ₹592 crore.
• The transaction, an inter-se transfer, involved IHCL selling its entire shareholding at ₹370 per share on December 30.
• Following the exit, key agreements including the shareholders’ agreement and trademark licence agreement with IHCL have been terminated.
• IHCL’s nominee directors have stepped down from Taj GVK Hotels' board with effect from December 30, 2025, and the company will remove ‘Taj’ from its corporate name.
• IHCL will continue to operate existing hotels under separate operating agreements, allowing Taj GVK to use ‘Taj’ or ‘Vivanta’ brands.

Why It Matters: IHCL fully exits Taj GVK Hotels, transferring 25.52% stake to Shalini Bhupal for ₹592 crore.