News for EIH Limited (EIHOTEL.BO)

IPO News Today Live Updates: Shares of Leela Hotels (Schloss Bangalore), and Aegis Vopak Terminals to list on NSE, BSE today. Leela Hotels (Schloss Bangalore) and Aegis Vopak Terminals shares debut on NSE, BSE today IPO Highlights The initial share sale of Schloss Bangalore, which operates Leela Palaces Hotels and Resorts, received 4.50 times subscription on the closing day of bidding. The ₹3,500-crore IPO garnered ₹1,575 crore from anchor investors, and the price band was fixed at ₹413-435 per share. Shares debuted at nearly 7 per cent discount at ₹406.50 and ₹406 on the BSE and NSE, respectively. The initial public offer of Aegis Vopak Terminals, a subsidiary of Aegis Logistics Ltd, fetched 2.09 times subscription on the closing day of bidding. The company raised ₹1,260 crore from anchor investors, fixed price band of ₹223-235 per share. Shares debuted at 6 per cent discount on the NSE and BSE at ₹220, against the IPO price of ₹235. Catch live updates on stock listing price, IPO, GMP, subscription and more here

IndusInd Bank discloses financial discrepancies, TPG sells Onesource Specialty Pharma shares, Infosys collaborates with DNB Bank, and more.

In a holiday-shortened week, 392 BSE500 stocks declined, with IndusInd Bank plunging 28%. IT led sectoral losses amid US slowdown fears. Meanwhile, only 95 stocks gained, including KIMS and Aavas Financiers, while Tata Teleservices and Sun TV remained flat.

Ladhani Group to invest $1 billion in expanding beverage business, aiming to become a top global Coca-Cola bottler.

It didn't have a great stock market debut but analysts believe ITC Hotels, which was recently demerged from parent ITC, can double its market cap. Here’s why.

The Oberoi Group, in partnership with the Ladhani Group, announced two new luxury resorts in Rishikesh. One will be an 80-key Oberoi resort, and the other a 120-key Trident hotel. Managed by EIH Limited, these properties will feature design by Bill Bensley. Construction is set to begin in early 2026, aiming to enhance Rishikesh's hospitality landscape.

The projects include an 80-key luxury Oberoi resort carrying the "vilas" branding and a 120-key five-star hotel under the Trident brand.

Feb 14, 2025 / 09:30AM GMTNavin Agrawal - SKP Securities Ltd. - Analyst Good afternoon, ladies and gentlemen, and thank you for attending this virtual meeting.

EIH Associated Hotels shares fell 5.1% amid a broader market selloff despite a 5.4% rise in Q3 net profit to Rs 39.91 crore. Revenue grew 5% to Rs 133 crore, but margins slipped to 40.5%. The stock remains under pressure, down 18.8% in six months.

Stocks including Eicher Motors, Lupin, MTAR Technologies, Aditya Birla Capital, Nykaa, Bata india, SBFC Finance, Samhi Hotels and more will be in the spotlight on Tuesday, February 11.

ITC Hotels demerger concludes with listing, trading at discount, promising outlook, and potential selling pressure for passive funds.

ITC Hotels listing is set to take place on stock exchanges today, expected to debut between Rs 140-175 per share. Analysts predict strong future performance due to a zero-debt balance sheet, asset-light growth strategy, and robust expansion plans. ITC retains a 40% stake while the rest is held by its shareholders.

ITC Hotels listing, ITC shares: Following the listing of ITC Hotels, ITC shareholders are not expected to experience a material increase in value, as ITC's price will be adjusted to account for the holding company discount.

Indian markets closed higher Thursday, with Sensex gaining 115.39 points and Nifty up 50 points, driven by AI optimism, pharma gains, and UltraTech Cement's strong Q3 performance. Analysts anticipate cautious momentum ahead of the 2025 budget.

ITC Hotels' stock price will be determined by the difference between ITC's closing price on Friday and the opening price discovered during the special pre-open session (SPOS) today.

The demerger of ITC Hotels will be effective from January 1. ITC shareholders on the record date of January 6 will receive one share of ITC Hotels for every 10 ITC shares. ITC Hotels will directly issue equity shares, and a special trading session will be held to determine its fair price.

Samhi Hotels will transform an office building in Hyderabad into a 170-175 room W Hotel, set to launch by FY27. This marks India's first office-to-hotel conversion, with plans for additional projects. The hospitality sector is expected to thrive due to increasing demand for luxury accommodations.

ITC Ltd acquires stakes in EIH Limited and HLV Limited, strengthening its presence in luxury hospitality market.

Shares of luxury hospitality company EIH Limited will be in focus on Thursday after ITC acquired a 2.44% stake in the company, representing over 1.5 crore equity shares. Additionally, ITC purchased a 0.53% stake in HLV Limited, equivalent to 34.60 lakh equity shares. EIH is part of The Oberoi Group, while HLV is associated with The Leela Mumbai. The acquisitions come as ITC announces a demerger of its hotels business.