India, Aug. 12 -- Tata Group-owned Indian Hotels Company Ltd (IHCL) announced on Monday that its board-appointed committee has approved agreements to acquire around 51% stake each in ANK Hotels Pvt Ltd and Pride Hospitality Pvt Ltd, which together operate 135 hotels under The Clarks Hotels & Resorts brand.
The cash transactions, valued at up to Rs 110 crore for ANK Hotels and Rs 94 crore for Pride Hospitality, are expected to be completed by November 15, 2025, as per a regulatory filing.
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