Taj Gvk Hotels Indian Hotels

TajGVK Hotels shares zoom 9% after posting 76% jump in profits in Q2

TajGVK Hotels and Resorts share price surged 9.50 per cent at Rs 335.85 a piece on the BSE in Monday's intraday deals

Sebi exempts 3 trusts from making open offer to Taj GVK Hotels shareholders

Markets regulator Sebi on Wednesday exempted three trusts from making an open offer to the shareholders of Taj GVK Hotels and Resorts Ltd after their proposed acquisition of a 49.44 percent stake in the company. The order came after three trusts -- Blue Moon Trust, Moonshot Trust, and Starlight Trust-- filed an application with the regulator in April 2023, and sought exemption from certain provisions of takeover regulations. The acquirer trusts have been set up as private family trusts for providing suitable succession planning between the members of the Gunupati Indira Krishna Reddy family. Under the proposed acquisition, Gunupati Indira Krishna Reddy, who is a promoter of Taj GVK Hotels, intends to transfer a total of 49.44 percent of her shareholding in the firm to the three trusts, according to a Sebi order. Once the transaction is complete, the acquirer trusts would collectively hold 49.44 per cent shares in Taj GVK Hotels. The proposed transaction triggers the open offer ..

Hotel shares in demand; TajGVK, Lemon Tree, Oriental Hotel rally up to 9%

Occupancy rate is expected to improve further from the pre-pandemic levels, on the back of strong demand drivers including resumption in foreign inbound travel, says analyst at Motilal Oswal.

Hotel stocks rally on heavy volumes; Chalet, Lemon Tree soar over 10%

While Q2FY22 witnessed a sharp rebound in revenues on a lower base, ICICI Securities expect a further recovery in revenues during Q3FY22E supported by healthy festive season travel demand.

ICRA downgrades TAJGVK's credit ratings of long-term loans, others

TAJGVK Hotels and Resorts said ICRA downgraded the credit ratings of its long-term loans and short-term credit facilities on account of revenue and margin decline

GVK faces an uphill task to repay bank loans of several group companies

A downgrade by rating firm, ICRA, in June had made lenders nervous after ICRA said TAJGVK's coverage metrics were also likely to weaken substantially in FY21

Indian Hotels, Lemon Tree: Time to buy hotel stocks as operations resume?

Most hotel-related stocks gained ground in this backdrop, with Indian Hotels, EIH Ltd, Lemon Tree Hotels, TAJ GVK Hotels and Speciality Restaurants rallying up to 5 per cent

Sales, revenue to be impacted in Q1, Q2 of FY21 due to Covid-19: TAJGVK

In a regulatory filing, the company said since the situation is exceptional and is changing dynamically, it is not in a position to gauge with certainty the future impact on its operations

Covid-19: Taj-GVK Hotels seeks moratorium on loan repayments from lenders

ICRA said it has not treated the missed payment as a default for now, despite absence of a formal approval from the lenders allowing for a payment relief

Hotel Leelaventure, TAJGVK, Lemon Tree jump up to 15% on GST rate cut hopes

Hotel Leela and TAJGVK Hotels were up 15 per cent and 11 per cent, respectively, while Royal Orchid Hotels, Oriental Hotels, EIH and Lemon Tree were up in the range of 3 to 5 per cent.

Taj GVK Hotels, Indian Hotels surge on merger talk

Taj GVK Hotels rallied 20% to Rs 148, while Indian Hotels up 5% at Rs 139 on the BSE.