IHCL Sells Taj GVK Stake to GVK-Bhupal Family, Shifts to Management Agreement

• The Indian Hotels Company Ltd (IHCL) sold its entire 25.52% stake in Taj GVK Hotels and Resorts Ltd to the GVK-Bhupal family.
• The transaction transitions the joint venture from a shareholding agreement to a long-term management arrangement.
• This move aligns with IHCL's 'Accelerate 2030' roadmap, focusing on a capital-light strategy.
• IHCL will continue to manage the six operational Taj GVK hotels and the upcoming Yelahanka property.
• The GVK-Bhupal family will now hold 74.99% of Taj GVK, and both parties will explore future growth opportunities.

Why It Matters: IHCL adopts a capital-light strategy by selling its Taj GVK stake, retaining management control.