New Delhi, Aug. 12 -- Shares of Indian Hotels Company rose up to 1.65 per cent to Rs.759 apiece on the BSE during early trading on Tuesday, August 12, after the Tata Group-owned firm announced on Monday that a board approved the acquisition of 51 per cent stakes in both ANK Hotels and Pride Hospitality.

These companies collectively own a portfolio of 135 hotels under the 'The Clarks Hotels & Resorts' brand.

The deals, to be carried out through cash consideration, are anticipated to be finalized by November 15, 2025.

As per a regulatory filing, share subscription and purchase agreements, along with shareholders' agreements, have been signed to acquire approximately a 51% equity stake in ANK Hotels Pvt Ltd for up to Rs.110 crore and in P...