Indian Hotels CEO said an international acquisition update may come in about 10 days post Q2 results, with up to ₹2,000 crore earmarked and ₹4,500 crore cash on books, while expansion continues in Ginger, Frankfurt and…

Indian Hotels CEO said an international acquisition update may come in about 10 days post Q2 results, with up to ₹2,000 crore earmarked and ₹4,500 crore cash on books, while expansion continues in Ginger, Frankfurt and South Africa.

Mon 12 Oct 2026

Cash on books

4,500 crore rupees

Acquisition budget

2000 crore rupees

Heard on business television between 10:39:05 - 10:42:05 IST.

• Puneet Chatwal said update on the international acquisition could come in around 10 days, after Q2 results
• Company has about 4,500 crore rupees of cash on books, with up to 2,000 crore rupees earmarked for an international acquisition
• Said no major spend planned beyond building scale in the Ginger brand
• Frankfurt property, which had a difficult start due to heat wave and construction delays, is now stabilizing as of October
• First South Africa lodge has opened, with two more opening within six months

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