Khaitan & Co Advised The Indian Hotels Company Limited On Sale Of Its Entire Shareholding In TajGVK Hotels And Resorts Limited

Khaitan & Co advised The Indian Hotels Company Limited on sale of its entire shareholding in TajGVK Hotels and Resorts Limited

The leading law firm in India, Khaitan & Co advised The Indian Hotels Company Limited (IHCL) on the sale of its entire 25.52% shareholding in TajGVK Hotels and Resorts Limited to Mrs. Shalini Bhupal, a member of the promoter group of TajGVK.

The consummation of the share sale also resulted in the termination of the Shareholders’ Agreement of TajGVK and the Name and License Agreement between IHCL and TajGVK. IHCL will continue to manage the currently operational six TajGVK portfolio hotels, along with the upcoming hotel in Yelahanka, Bengaluru.

The Khaitan & Co core deal team comprised Haigreve Khaitan (Senior Partner), Arindam Ghosh (Partner), Nikhilesh Panchal (Partner), Raj Panchmatia (Partner), Jimmy Bhatt (Partner), Peshwan Jehangir (Partner), Anvita Mishra (Counsel), Kevin Shah (Counsel), Yash Chokshi (Counsel), Gaurang Mansinghka (Senior Associate), Roselin Sara Alex (Senior Associate), Yash Bhagwat (Senior Associate), and Krithika Kataria (Associate).

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