News

IHCL invests ₹220 crore in Netherlands-based wholly owned subsidiary IHOCO BVThe investment, effective immediately, will be used by IHOCO BV to further invest in its subsidiaries, including for repayment of debt and operational requirements. Shares of Indian Hotels Company Ltd ended at ₹738.00, down by ₹6.25, or 0.84%, on the BSE.By Jomy Jos Pullokaran   October 23, 2025, 11:40:50 PM IST (Published)2 Min ReadChoose  CNBC TV18 on Google

.gglsvg{margin: 5px 0 0;}

.articleWrap a.gglbtn span, .narticle-data a.gglbtn span, .gglbtn span{color: #fff; opacity:1; font: 700 11px/16px Open Sans; }

.articleWrap a.gglbtn, .narticle-data a.gglbtn,.gglbtn{width: 160px; border:none; text-decoration:none; height: 34px; background: #1767FF; color: #fff; font: 700 11px/16px Open Sans; display: flex; padding:0 8px; border-radius: 4px; justify-content: space-between;align-items:center;}

The country's biggest hospitality player, The Indian Hotels Company Ltd (IHCL), on Thursday (October 23), said it has infused ₹219.69 crore ($25 million) as equity in its wholly owned Netherlands subsidiary, IHOCO BV. The investment, effective immediately, will be used by IHOCO BV to further invest in its subsidiaries, including for repayment of debt and operational requirements.

IHOCO BV serves as IHCL’s apex holding company for its overseas hospitality investments. Incorporated on June 29, 1984, the company’s turnover for the last three financial years stood at ₹3.84 crore in FY2024-25, ₹6.08 crore in FY2023-24, and ₹0.17 crore in FY2022-23. Its net worth as of March 31, 2025, is ₹3,057.14 crore, while PAT stood at ₹28.06 crore.

The transaction involves a cash infusion and does not change IHCL’s shareholding in IHOCO BV, which will continue to remain a wholly owned subsidiary. As the transaction is between a holding company and its wholly owned subsidiary, it is exempt from related party transaction disclosures. The promoter, promoter group, or group companies do not hold any interest in IHOCO BV.

Also Read: IHCL denies exit plans from The Pierre, New York

Last month, Indian Hotels Company Ltd said it had detected a malware incident affecting select IT systems. The company said immediate action has been taken to contain the impact and secure its systems.

IHCL confirmed that relevant authorities have been notified of the attack and that it continues to monitor the situation closely. Despite the malware detection, business operations remain unaffected and are continuing as usual, the company stated.

Shares of Indian Hotels Company Ltd ended at ₹738.00, down by ₹6.25, or 0.84%, on the BSE.

Also Read: IHCL puts spotlight on North East for development of new properties

Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsIHCLshare market today