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Tata Group hospitality firm Indian Hotels Company Ltd (IHCL) on Friday (November 14) said it has entered into a Share Subscription cum Purchase Agreement and a Shareholders’ Agreement to acquire approximately 51% equity stake in Sparsh Infratech Private Ltd, the owner and operator of the health and wellness resort ‘Atmantan’ at Mulshi, Maharashtra.
The investment is expected to be around ₹240 crore, subject to debt, cash, and other agreed adjustments on the closing date. The enterprise value of the target company for the transaction is estimated at ₹415 crore.
Also Read: IHCL invests ₹220 crore in Netherlands-based wholly owned subsidiary IHOCO BV
Sparsh Infratech, incorporated in 2007, operates a luxury health and wellness centre providing integrated preventive healthcare, lifestyle management, hospitality services, and therapeutic services, including a dedicated Wellness Block. The company recorded a turnover of ₹76.7 crore in FY25, up from ₹64.7 crore in FY24 and ₹49.7 crore in FY23. The entity operates exclusively in India.
The acquisition marks IHCL’s entry into the integrated wellness segment and does not fall under related party transactions. The promoters, promoter group, or group companies of IHCL have no interest in the target entity.
The transaction is expected to be completed by December 31, 2025, subject to the fulfilment of certain conditions precedent. The consideration for the acquisition is entirely in cash. Shares of Indian Hotels Company Ltd ended at ₹720.40, up by ₹2.90, or 0.40%, on the BSE.
Also Read: Indian Hotels Q2 Results | Revenue rises 12%, adjusted net profit up 15%
The investment is expected to be around ₹240 crore, subject to debt, cash, and other agreed adjustments on the closing date. The enterprise value of the target company for the transaction is estimated at ₹415 crore.
Also Read: IHCL invests ₹220 crore in Netherlands-based wholly owned subsidiary IHOCO BV
Sparsh Infratech, incorporated in 2007, operates a luxury health and wellness centre providing integrated preventive healthcare, lifestyle management, hospitality services, and therapeutic services, including a dedicated Wellness Block. The company recorded a turnover of ₹76.7 crore in FY25, up from ₹64.7 crore in FY24 and ₹49.7 crore in FY23. The entity operates exclusively in India.
The acquisition marks IHCL’s entry into the integrated wellness segment and does not fall under related party transactions. The promoters, promoter group, or group companies of IHCL have no interest in the target entity.
The transaction is expected to be completed by December 31, 2025, subject to the fulfilment of certain conditions precedent. The consideration for the acquisition is entirely in cash. Shares of Indian Hotels Company Ltd ended at ₹720.40, up by ₹2.90, or 0.40%, on the BSE.
Also Read: Indian Hotels Q2 Results | Revenue rises 12%, adjusted net profit up 15%
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