Indian Hotels jumps on signing Taj Ganga Kutir Resort and Spa in West Bengal

On Wednesday, the shares of Indian Hotels Company closed at Rs 396.30, up by 3.35% from its previous closing of Rs 383.45 on the BSE. 

Indian Hotels Company (IHCL) has signed Taj Ganga Kutir Resort & Spa, its newest addition to the luxurious Taj portfolio in Raichak, West Bengal. With the addition of this hotel, IHCL will have ten hotels across Taj, SeleQtions, Vivanta and Ginger brands across West Bengal including five under development. 

Set against the picturesque backdrop of the Ganges River, Taj Ganga Kutir Resort & Spa with its 155 well-appointed rooms, offers a perfect blend of luxury and comfort. The resort will offer multiple dining options, an all-day diner, Oriental and Bengali cuisine speciality restaurants to cater to diverse palates. The lounge bar and library bar will provide elegant spaces to unwind and savour handcrafted beverages. 

The over 70,000 sq ft of banqueting space, including expansive Riverside lawns, will make for ideal venues for conferences as well as sophisticated social events. The resort will feature a gaming zone and an entertainment arcade. Guests can embrace health at J Wellness Circle Spa, with its wide-ranging holistic practices rooted in the rich and ancient healing traditions of India. 

Indian Hotels Company and its subsidiaries are collectively known as Taj Hotels Resorts and Palaces and are recognised as one of Asia’s largest and finest hotel companies. It operates in the luxury, premium, mid-market and value segments of the market. 

Today, the stock opened at Rs 384.40 and has touched a high and low of Rs 398.35 and Rs 384.20 respectively. 

The BSE group ‘A’ stock of face value of Rs 1 has touched a 52-week high and low of Rs 405.20 and Rs 220.50, respectively. 

Last one week high and low of the scrip stood at Rs 398.35 and Rs 378.40 respectively. The current market cap of the company is Rs 55466.60 crore. 

The promoters holding in the company stood at 38.19%, while Institutions and Non-Institutions held 45.83% and 15.98%, respectively.