Indian Hotels Acquires 51% Stake in Sparsh Infratech for ₹ 240 Crores
Filing Summary
Indian Hotels Company Ltd has executed agreements to acquire a 51% equity stake in Sparsh Infratech Private Limited for approximately ₹ 240 crores. The acquisition involves a Share Subscription cum Purchase Agreement and a Shareholders’ Agreement. Sparsh Infratech operates the health and wellness resort ‘Atmantan’ in Mulshi, Maharashtra. The transaction marks Indian Hotels’ entry into the integrated wellness segment. The acquisition is expected to be completed by December 31, 2025, subject to certain conditions. The enterprise value of Sparsh Infratech is estimated at ₹ 415 crores.
Indian Hotels Company Ltd has announced the execution of a Share Subscription cum Purchase Agreement and a Shareholders’ Agreement to acquire approximately 51% equity stake in Sparsh Infratech Private Limited. The acquisition is valued at around ₹ 240 crores. Sparsh Infratech owns and operates the health and wellness resort ‘Atmantan’ located in Mulshi, Maharashtra. This transaction has been approved by the Board of Directors and a duly constituted Committee of the Board.
The financial terms of the acquisition include an investment of approximately ₹ 240 crores by Indian Hotels, subject to adjustments for debt, cash, and other agreed conditions on the closing date. The enterprise value of Sparsh Infratech for this transaction is estimated at ₹ 415 crores. The acquisition will be executed through cash consideration, and it does not fall within related party transactions. The promoter group of Indian Hotels does not have any interest in Sparsh Infratech.
Sparsh Infratech operates in the hospitality industry, specifically focusing on health and wellness services. The company provides integrated preventive healthcare, lifestyle management, hospitality services, and therapeutic services. Sparsh Infratech’s financial performance for the fiscal year 2024-25 includes a turnover of ₹ 76.7 crores, an EBITDA of ₹ 37.2 crores, and an EBIT of ₹ 29.4 crores. The acquisition aligns with Indian Hotels’ strategic move into the integrated wellness segment.
The acquisition is subject to the fulfillment of certain conditions precedent and is expected to be completed by December 31, 2025, or another date as mutually agreed. No governmental or regulatory approvals are required for this acquisition. The transaction signifies Indian Hotels’ entry into a new market segment, expanding its portfolio beyond its traditional hospitality offerings.
Sparsh Infratech Private Limited, established in 2007, is a private limited company with its registered office in Pune, Maharashtra, India. The company has shown consistent growth in turnover over the past three years, with figures of ₹ 49.7 crores in FY 2023, ₹ 64.7 crores in FY 2024, and ₹ 76.7 crores in FY 2025. The company operates solely within India.
Indian Hotels Company Ltd is a prominent player in the hospitality industry, known for its luxury hotel chains and services. The company is focused on expanding its business into new segments, such as wellness, to diversify its offerings and enhance its market presence. This acquisition represents a strategic move to enter the integrated wellness market, aligning with its long-term growth objectives.