TAJ GVK Hotels & Resorts Limited acquired an additional 2.01% equity stake in Green Woods Palaces and Resorts Private Limited for Rs.16,09,10,241, approved by the Board on 9th February, 2026. The acquisition of 15,05,100 shares at Rs.96.91 premium per share increases TAJ GVK's shareholding from 48.99% to 51.00%, converting the joint venture into a subsidiary. Green Woods operates Taj Santacruz hotel in Mumbai and reported strong financials with turnover of Rs.2,31,82,79,097 and PAT of Rs.45,61,25,541 for FY 2024-25.
TAJ GVK Hotels & Resorts Acquires Additional 2.01% Stake in Green Woods Palaces for Rs.16.09 Crores
