Indian Hotels Company rises on opening Taj The Trees in Mumbai
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The Indian Hotels Company is currently trading at Rs. 420.85, up by 5.20 points or 1.25% from its previous closing of Rs. 415.65 on the BSE.
The scrip opened at Rs. 417.20 and has touched a high and low of Rs. 421.40 and Rs. 413.20 respectively. So far 22095 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 436.25 on 07-Sep-2023 and a 52 week low of Rs. 280.20 on 27-Jan-2023.
Last one week high and low of the scrip stood at Rs. 433.75 and Rs. 407.75 respectively. The current market cap of the company is Rs. 59528.95 crore.
The promoters holding in the company stood at 38.19%, while Institutions and Non-Institutions held 45.82% and 15.99% respectively.
Indian Hotels Company (IHCL) has opened Taj The Trees, Mumbai. Nestled in greenery overlooking the mangroves and the eastern shoreline, the eco-sensitive hotel is inspired from the international modernity of the city. The 151 keys, Taj The Trees is situated in a mixed-use development spread across 34 acres in the midst of a buzzing urban metropolis - a natural oasis with unrivalled views of the verdant mangrove reserve. Shamiana the signature all day diner offers global cuisine and local favourites.
The speciality restaurant, Nonya with subtle Shanghai Deco influences, serves authentic pan Asian cuisine. Guests can enjoy dishes inspired by mangroves of the world at the rooftop The Mangrove Bar with its own gin distillery. The luxurious banquet spaces opening into a private courtyard garden include a 7,000 sq. feet ballroom. Recreational facilities include a state-of-the-art gym, an infinity pool overlooking the magnificent Sculpture Park, the beauty salon Niu&Nau and the spa, J Wellness Circle inspired by traditional Indian healing wisdom.
Taj The Trees, an archetype of modern sustainable design ethos is a 100% green power hotel. With natural sunlight used for lighting 56% of occupiable spaces, green certified room amenities and glass water bottles, the zero single use plastic hotel is IGBC Platinum certified. With the addition of this hotel IHCL will have 12 hotels in Mumbai with 2 under development.
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.
