Chalet Hotels Limited
HDFC Mutual Fund entered Chalet Hotels with 1,87,77,144 shares, a new position representing an 8.57% stake in the company. The total value of the shares is approximately ₹1618.96 Cr.
A hospitality operator engaged in owning and managing hotel properties across India's key markets. Chalet Hotels develops and operates upscale hotel assets while managing complementary commercial and retail spaces within its properties. The company focuses on the premium segment hospitality sector with an integrated real estate development approach to maximize asset utilization and generate diversified revenue streams.
One of India's oldest and most trusted AMCs with over Rs 7.5 lakh crore in AUM. Founded in 1999 as a joint venture between HDFC Bank and Standard Life. MD and CEO Navneet Munot, formerly CIO of SBI MF, has reinforced the quality and compounding philosophy across equity schemes. HDFC Flexi Cap Fund and HDFC Mid-Cap Opportunities Fund are among the largest actively managed equity schemes in India.