₹205 crore SAMHI Hotels acquires Innmar Tourism's Whitefield, Bangalore hotel, plans to expand.

SAMHI Hotels Limited plans to acquire Innmar Tourism and Hotels Private Limited for approximately ₹205 crore ($26 million). The deal includes a hotel in Whitefield, Bangalore, with 142 rooms and additional land for developing 200-220 more rooms. This acquisition, approved by SAMHI's board and expected to complete by October 4, 2024, supports the company's growth strategy following a successful IPO. SAMHI shares fell 0.53% to ₹195.55.

October 04, 2024
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