IHCL Sells TAJ GVK Stake, Shifts to Capital-Light Management Model

• IHCL announced the sale of its entire 25.52% shareholding in TAJ GVK to the GVK-Bhupal family.
• The transaction transitions IHCL's joint venture with GVK-Bhupal family into a long-term management agreement for the hotels.
• Post-sale, the GVK-Bhupal family will hold 74.99% in TAJ GVK, continuing as promoters.
• This move aligns with IHCL's 'Accelerate 2030' strategy, focusing on a capital-light model and increasing operating inventory to 67%.
• IHCL will continue managing six existing hotels and the upcoming Taj in Yelahanka, Bengaluru, while GVK-Bhupal family plans to expand to 4,000 keys.

Why It Matters: IHCL exits TAJ GVK ownership, adopting a capital-light management strategy for future growth.