18 Sep 2025 | 3 Mins Read
IHCL dismisses The Pierre exit rumors
Flipitmoney
Indian Hotels Company Limited (IHCL) dismissed reports of selling its stake in The Pierre, New York, stating it doesn't own the property, but holds leasehold rights. They called the reports "misleading and speculative". IHCL clarified in a BSE and NSE filing, amid shares declining around 0.4% with a year-to-date fall of over 10%.