IHCL to Buy Majority 51% Stake in Atmantan Wellness Resort for ₹240 Crore

Indian Hotels Company Ltd (IHCL) has agreed to acquire 51% of Sparsh Infratech Private Ltd, the operator of the Atmantan wellness resort in Mulshi, Maharashtra.  

As per the exchange filings, the total outlay is expected to be ₹240 crore, paid in cash. The agreement has been signed, and the closing is targeted on or before 31 December 2025. 

Deal Breakdown 

The investment depending upon debt, cash and other agreed adjustments on the closing date, investment from IHCL is expected to be ₹ 240 crores. The enterprise value of the target company for the transaction is ₹ 415 crores.  

The company reported ₹76.7 crore turnover in FY25, up from ₹64.7 crore in FY24 and ₹49.7 crore in FY23. EBITDA for FY25 stood at ₹37.2 crore, while EBIT was ₹29.4 crore. 

About Atmantan 

Atmantan operates on a 36-acre site with 97 rooms. The centre runs programmes covering ayurveda, yoga, naturopathy, physiotherapy, nutrition, counselling, and fitness. Sparsh Infratech was incorporated in 2007 and operates solely in India. Along with hospitality facilities, the property includes a dedicated wellness block and a set of preventive and therapeutic services. 

IHCL’s Plans 

The acquisition gives IHCL an entry point into the wellness segment. It sits alongside the group’s existing businesses, including the J Wellness Circle brand. Under its other plans, IHCL is working towards expanding its hotel count and increasing its consolidated revenue base over the coming years. 

Atmantan’s Future Expansion 

Atmantan’s promoters have outlined plans to scale the brand through new centres. A property of around 100 keys is planned for Hyderabad with an expected opening in 2028-29. Another expansion is being looked at in Kerala, subject to project timelines and site development. 

The transaction does not fall under related-party dealings, and no promoter or group company of IHCL holds an interest in the target entity. All consideration is through cash, and the acquisition remains subject to closing conditions. 

Indian Hotels Company Ltd (IHCL) Share Price Performance  

As of 10:15 AM on November 17, 2025, Indian Hotels Company (IHCL) share price was trading at ₹720.90, up 0.014%. 

Read More: Godawari Power & Ispat to Invest ₹300 Crore in Subsidiary and to Setup 250 MW Raigarh Solar Project! 

Conclusion 

IHCL’s purchase secures 51% control of Sparsh Infratech. Atmantan will proceed with its future projects as both entities begin operational alignment under the new structure. 

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