Indian Hotels Company’s (IHCL) board has approved the execution of a Share Subscription and Purchase Agreement, and Shareholders’ Agreement to acquire around 55% equity shares for an amount not exceeding Rs 18 crore in Rajscape Hotels, a company that manages 16 boutique properties offering immersive and experiential stays under the brand ‘Tree of Life Resorts & Hotels’ across India. 

The brand operates these properties in offbeat destinations across India, with a focus on creating tranquil escapes in scenic locations. The resorts emphasize local culture, nature, and exclusivity, catering to travelers seeking meaningful experiences away from city centers. Transactions (subject to fulfillment of certain condition precedents) allow the company access to an additional brand and provides expansion opportunity in space of small boutique and experiential stays segment where the company can pursue as asset light growth strategy. The said acquisition is expected to be completed in 90 days.

Indian Hotels Company and its subsidiaries are collectively known as Taj Hotels Resorts and Palaces and recognized as one of Asia's largest and finest hotel company. It operates in the luxury, premium, midmarket and value segments of the market.