01-01-1970 12:00 AM | Source: Accord Fintech
Indian Hotels Company inches up on signing two new hotels in Dhaka
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Indian Hotels Company is currently trading at Rs. 331.40, up by 0.90 points or 0.27% from its previous closing of Rs. 330.50 on the BSE.

The scrip opened at Rs. 330.55 and has touched a high and low of Rs. 334.75 and Rs. 330.40 respectively. So far 75750 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 348.70 on 06-Oct-2022 and a 52 week low of Rs. 207.25 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 334.40 and Rs. 325.50 respectively. The current market cap of the company is Rs. 47299.31 crore.

The promoters holding in the company stood at 38.19%, while Institutions and Non-Institutions held 45.68% and 16.13% respectively.

Indian Hotels Company (IHCL) has signed two new hotels in Dhaka, Bangladesh. The Taj and Vivanta branded hotels will be a part of an integrated complex that will also include hi-end retail. These are Greenfield projects.

The first mixed-use development project in Dhaka with the two hotels, is strategically located at Gulshan, a key business hub in the city and at a short driving distance from the Shahjalal International airport. The 230 room Taj and the 130 room Vivanta hotel will offer multiple new culinary options to the city.

Both the hotels will feature All -day -diners and bars and in addition the Taj will feature two speciality restaurants, a roof top bar and a Deli for on- the- go meals. It will also house large banqueting spaces, and recreational facilities including a pool, spa, gym and health club. The Chambers, Taj’s exclusive business club will launch its first outpost in Dhaka.

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.