INDIAN HOTELS CO.LTD. - Announcement under Regulation 30 (LODR)-Acquisition

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III of the SEBI Listing Regulations, we wish to inform you that the Board of Directors of the Indian Hotels Company Limited (''the Company'') has approved execution of Share Subscription and Purchase Agreement and Shareholders'' Agreement to acquire ~55% equity shares for an amount not exceeding Rs. 18 crores in Rajscape Hotels Private Limited, a company that manages 16 boutique properties offering immersive and experiential stays under the brand "Tree of Life Resorts & Hotels" across India.