Home / Business and Economy / ITC Hotels Profit Soars 23%, Eyes Major Acquisition
ITC Hotels Profit Soars 23%, Eyes Major Acquisition
15 May
Summary
- ITC Hotels reported a 23% profit increase to ₹317 crore.
- The company plans to acquire Zuri Hotels and Resorts.
- Further details on the acquisition are still awaited.
ITC Hotels has achieved a notable 23% increase in its fourth-quarter profit, with earnings reaching ₹317 crore. This strong financial performance positions the company for strategic expansion.
In a significant development, ITC Hotels has announced its intention to acquire Zuri Hotels and Resorts. This potential acquisition marks a key step in the company's growth strategy within the hospitality sector.
Further details concerning the acquisition of Zuri Hotels and Resorts are anticipated, as this is a developing news story. Stakeholders await more information on the terms and timeline of the deal.
Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
