Indian Hotels Co Ltd

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations read with Schedule III of the SEBI Listing Regulations we wish to inform you that following approval of the Board of Directors a duly constituted Committee of the Board has today approved and the Company executed a Share Subscription cum Purchase Agreement and a Shareholders Agreement to acquire a 51% equity stake for Rs. 240 crores in Sparsh Infratech Private Limited a company that owns and operates a health and wellness resort by the name Atmantan at Mulshi Maharashtra.