Indian Hotels Company (IHCL) has announced a strategic shift in its partnership with the GVK-Bhupal family concerning Taj GVK Hotels and Resorts Ltd. (TAJGVK). IHCL will sell its entire 25.52% shareholding in TAJGVK to the GVK-Bhupal family, who will continue as promoters holding 74.99% post-transaction. This transition moves the relationship from a joint venture to a long-term management agreement for IHCL's managed portfolio within TAJGVK. IHCL will continue to manage the six operational hotels and the upcoming hotel in Yelahanka, Bengaluru. The GVK-Bhupal family and IHCL will collaboratively explore future opportunities in the Indian hospitality sector. Mr. Krishna Bhupal highlighted the two-decade-long association that has built a portfolio of seven hotels with over 1,500 keys, including properties in Mumbai, Hyderabad, Chennai, and Chandigarh. The company has executed a management contract with IHCL in October 2025 for a 256-key Taj in Yelahanka, Bengaluru, scheduled to open in 2026. TAJGVK plans to scale its hospitality business to approximately 4,000 keys within the next five years. Mr. Puneet Chhatwal of IHCL stated that this move aligns with IHCL's 'Accelerate 2030' roadmap, focusing on a capital-light strategy. This transition increases IHCL's capital-light operating inventory to 67%, freeing up capital for growth and advancing Consolidated ROCE towards a 20% target by 2030.