Taj GVK Shake-Up: ₹592 Cr Deal, Name Change, IHCL Exit!

• Promoter Shalini Bhupal acquired 1.60 crore shares from IHCL for ₹592 crore, increasing her stake to 25.52%.
• Old shareholder and trademark license agreements terminated; IHCL nominee directors resigned.
• The company must remove 'Taj' from its corporate name and is seeking a new brand identity.
• Hotel operations will continue smoothly, with IHCL managing properties and 'Taj'/'Vivanta' brands still in use.
• This internal promoter transaction is seen as a strategic move impacting the company's future and stock market.

Why It Matters: Taj GVK undergoes major ownership and corporate name changes, but hotel operations and brand usage remain unaffected.