01-01-1970 12:00 AM | Source: Accord Fintech
Indian Hotels Company gains on signing SeleQtions hotel in Kanpur
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Indian Hotels Company is currently trading at Rs. 252.55, up by 0.80 points or 0.32% from its previous closing of Rs. 251.75 on the BSE.

The scrip opened at Rs. 252.85 and has touched a high and low of Rs. 254.20 and Rs. 250.00 respectively. So far 67668 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 268.85 on 04-May-2022 and a 52 week low of Rs. 128.99 on 23-Aug-2021.

Last one week high and low of the scrip stood at Rs. 257.00 and Rs. 248.30 respectively. The current market cap of the company is Rs. 35737.25 crore.

The promoters holding in the company stood at 38.19%, while Institutions and Non-Institutions held 44.76% and 17.05% respectively.

Indian Hotels Company (IHCL) has debuted in Kanpur, Uttar Pradesh with the signing of a SeleQtions hotel. This Brownfield property is a management contract with Kudrat Hotels. With the addition of this hotel, IHCL will have sixteen hotels across brands in Uttar Pradesh including seven under development.

The 104-room SeleQtions hotel is strategically located in Baikunthpur, adjacent to National Highway-91, and will be well connected to Kanpur’s airport and railway station. Located across five acres, it will have an all-day diner and bar. One of the significant features of the hotel will be its expansive banqueting space and meeting rooms spread across 10,500 square feet, the largest in the city. The hotel will also consist of recreational facilities including a swimming pool and gym. It is slated to open in 2025.

Indian Hotels Company and its subsidiaries are collectively known as Taj Hotels Resorts and Palaces and recognized as one of Asia's largest and finest hotel company. It operates in the luxury, premium, midmarket and value segments of the market.