Shardul Amarchand Mangaldas & Co. advises on IHCL’s ₹429 crore acquisition of Brij Hotels, ANK Hotels and Pride Hospitality

January 20, 2026

Shardul Amarchand Mangaldas & Co. (“SAM”) acted as legal counsel to Brij Hospitality Private Limited, ANK Hotels Private Limited and Pride Hospitality Private Limited, and their respective promoters, in connection with The Indian Hotels Company Limited’s (“IHCL”) acquisition of a controlling 51% stake in each of the three companies for an aggregate consideration of upto ₹429 crore.

IHCL executed definitive agreements with Brij Hotels, ANK Hotels and Pride Hospitality and their respective promoters and other sellers in August 2025 and January 2026 to acquire majority stakes in Brij Hotels, ANK Hotels and Pride Hospitality through a combination of primary and secondary transactions, with the existing promoters retaining 49% shareholding in each company and continuing to hold key managerial positions post-closing to ensure business continuity and long-term value creation for both groups of stakeholders. The transaction enables IHCL to acquire the ‘Brij’, ‘The Clarks Hotels & Resorts’ and ‘Clarks Inn’ brands among other brands, and includes an exclusive distribution arrangement for IHCL with Brij Hotels, thereby strengthening IHCL’s presence across boutique luxury and midscale hospitality segments in line with its ‘Accelerate 2030’ growth strategy.

The SAM team was led by Jamshed Bhumgara, Partner, and Kaustubh Verma, Partner; and comprised Ankit Parekh, Senior Associate, and Sanjana Kumar, Senior Associate.