The Indian Hotels Company Limited
Axis Mutual Fund increased its stake in The Indian Hotels Company Limited from 1.95% to 2.20%, buying 34,45,505 shares.
One of India's leading hospitality companies, Indian Hotels operates a diversified portfolio spanning luxury, upscale, and midscale hotel segments across multiple brands and properties. The company manages accommodations and hospitality services in four continents, 12 countries, and over 100 cities, serving both domestic and international guests. Its distinctive positioning combines heritage brands with contemporary offerings across multiple price points and market segments.
Subsidiary of Axis Bank, India's third-largest private sector bank. Manages over Rs 3.5 lakh crore in AUM. Built its brand on a quality growth equity philosophy with concentrated high-conviction portfolios. Flagship Axis Flexi Cap and Axis Bluechip funds are widely held among retail investors and drove significant AUM growth through the 2017-2021 bull cycle.