Chalet Hotels Limited
Axis Mutual Fund entered Chalet Hotels with 27,42,170 shares, a 1.25% stake worth ₹236.56 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.
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.