ITC Hotels net profit up 36% at ₹181.91 crore; to acquire GHK Hospitality & Infrastructures
ITC Hotels reported a thirty-six percent profit increase for the first quarter. Consolidated revenue from operations also saw a rise compared to the previous year. The company announced the acquisition of GHK Hospitality & Infrastructures Ltd for one hundred fifty-five crore. This acquisition will expand ITC Hotels' owned-asset portfolio in Ahmedabad. The hotel business revenue grew while the new residences vertical also contributed.