The country's biggest hospitality player, The Indian Hotels Company Ltd (IHCL), on Thursday (October 23), said it has infused ₹219.69 crore ($25 million) as equity in its wholly owned Netherlands subsidiary, IHOCO BV. The investment, effective immediately, will be used by IHOCO BV to further invest in its subsidiaries, including for repayment of debt and operational requirements.

IHOCO BV serves as IHCL’s apex holding company for its overseas hospitality investments. Incorporated on June 29, 1984, the company’s turnover for the last three financial years stood at ₹3.84 crore in FY2024-25, ₹6.08 crore in FY2023-24, and ₹0.17 crore in FY2022-23. Its net worth as of March 31, 2025, is ₹3,057.14 crore, while PAT stood at ₹28.06 crore.

The transaction involves a cash infusion and does not c

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