DBT Bureau
Bengaluru, 30 Dec 2025
Indian Hotels Company Ltd (IHCL), the hospitality arm of Tata Group, on Tuesday said it sold its entire 25.52% stake in Taj GVK Hotels & Resorts Ltd for Rs 592 crore to Shalini Bhupal.
“Consequent to the sale & purchase of the Sale Shares, the termination agreement was executed today (on Tuesday) between the Company, G Indira Krishna Reddy, Shalini Bhupal, Blue Moon Trust, Moonshot Trust, Starlight Trust and the target company (Taj GVK Hotels & Resorts),” the company said in an exchange filing.
Post this agreement, IHCL’s nominee directors have stepped down from the board of the company with effect from December 30, 2025.
“The target company shall take steps to discontinue usage of the ‘Taj’ name from its corporate name and change its corporate name, in accordance with the termination agreement,” the company said.
However, IHCL will continue to operate other hotels under the portfolio as per prior agreement with Taj GVK Hotels & Resorts.
“The company would continue to operate the existing portfolio of hotels of the target company in accordance with the provisions contained in the respective Hotel Operating Agreements already executed between the target company and IHCL,” the filing said.
In FY25, IHCL’s share of profit from its JV (joint venture) with Taj GVK Hotels & Resorts was Rs 29.09 crore.
