19 Sep 2025 | 5 Mins Read
Indian Hotels shares gain traction after exit buzz
Flipitmoney
Indian Hotels Company Ltd (IHCL) clarified it operates The Pierre Hotel in New York under leasehold rights, not owning it, in a regulatory filing. Reports suggested a possible exit under a $2 billion deal with the Sultan of Brunei and Essam Khashoggi, but IHCL dismissed them as "misleading and speculative," stressing its continued management of the hotel.