Samhi Hotels

** Investec starts Leela Palaces LEEA.NS, ITC Hotels ITCT.NS, Ventive Hospitality VENE.NS and SAMHI Hotels SAMH.NS with "Buy"; names Leela and ITC Hotels as top picks

** Brokerage sets PT of 649 rupees for Leela Palaces, 201 rupees for ITC Hotels, 700 rupees for Ventive Hospitality and 208 rupees for SAMHI Hotels

** Says Leela is best placed to benefit from luxury-room scarcity, with its flagship palace hotels commanding a 1.4x industry revenue per available room (revPAR) premium and a pipeline supporting growth through FY31E

** Adds ITC Hotels combines established earnings with capital-efficient expansion, Sri Lanka asset ramp-up and valuation comfort, supporting earnings growth

** Sees upside in Ventive from luxury RevPAR growth, annuity-like cash flows and a pipeline that nearly doubles inventory; while SAMHI's rebranding, new hotel openings and deleveraging are seen supporting faster earnings growth

** YTD, Leela gains 21.4%, while Ventive, ITC Hotels and SAMHI fall 26%, 23% and 11%, respectively

(Reporting by Kashish Tandon in Bengaluru)

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Samhi Hotels' board approved an enabling resolution to raise up to ₹750 crore through equity-linked instruments, a shift from management's earlier stance that its expansion would be funded without fresh equity. The company said the raise would strengthen its balance sheet ahead of a planned capital expenditure cycle and potential acquisitions. The board also approved buying 100% of Itmenaan Lodges, owner of the Itmenaan Estate boutique hotel in Almora, Uttarakhand, for ₹12 crore, with total approved investment capped at ₹25 crore, in line with its plan to scale up RARE India. Net profit attributable to owners of the company for the June quarter was ₹182.5 crore, against ₹172.8 crore a year earlier.

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Samhi Hotels Ltd's board approved an enabling resolution to raise up to ₹750 crore through equity shares, convertible debentures or other equity-linked instruments, subject to shareholder approval at the annual general meeting on 31 August, to fund an aggressive capacity-expansion cycle and acquisitions. The board also approved the unaudited June-quarter results, with consolidated revenue of ₹3,052 crore and a profit of ₹249 crore, and cleared the acquisition of Itmenaan Lodges, owner of the boutique Itmenaan Estate hotel in Almora, for ₹12 crore in cash, with total approved investment not exceeding ₹25 crore. The target is part of the RARE India platform, in which Samhi acquired control in April. The company has said it expects strong internal accruals but wants a stronger balance sheet to capitalise on growth opportunities in a volatile environment.

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Aug 3 (Reuters) - Samhi Hotels Ltd SAMH.NS:

• JUNE-QUARTER CONSOL NET PROFIT 182.5 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 3.05 BILLION RUPEES

• APPROVED ENABLING RESOLUTION FOR RAISING OF FUNDS UP TO 7.5 BILLION RUPEES

• ACQUISITION OF ITMENAAN LODGES FOR 120 MILLION RUPEES

Further company coverage: SAMH.NS

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April 15 (Reuters) - Samhi Hotels Ltd SAMH.NS:

• SAMHI HOTELS LTD - TO BUY 49% IN CLEAN MAX NILE AND CLEAN MAX SOLOMON FOR 14.58 MILLION RUPEES EACH

Source text: ID:nBSE1pJpBV

Further company coverage: SAMH.NS

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March 5 (Reuters) - Samhi Hotels Ltd SAMH.NS:

• TO BUY 70% PARTNERSHIP INTEREST IN RARE INDIA

• DEAL VALUED AT 473.90 MILLION RUPEES

• TO ENGAGE WITH MARRIOTT FOR POTENTIAL AFFILIATION

Source text: ID:nBSE3560zb

Further company coverage: SAMH.NS

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** Shares of Samhi Hotels SAMH.NS rise 3.3% to 167.50 rupees

** SAMH's unit signs operating agreements with Marriott Hotels India for two hotels with 350 rooms each in Navi Mumbai

** Hotels in Navi Mumbai are under 'Westin' and 'Fairfield by Marriott' brands

** Also, Karnataka Industrial Area Development Board sanctions layout plans by SAMH's unit for proposed hotel with 235 rooms in Whitefield, Bengaluru

** Trading vols 1.2x the 30-day average at 810,948 shares so far

** SAMH down ~8% YTD

(Reporting by Vijay Malkar)

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Feb 24 (Reuters) - Samhi Hotels Ltd SAMH.NS:

• KIADB SANCTIONS LAYOUT PLANS FOR BUILDING IN WHITEFIELD, BANGALORE

• UNIT TO DEVELOP HOTEL WITH 235 ROOMS IN BANGALORE

Source text: ID:nNSEc8kMf1

Further company coverage: SAMH.NS

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Aug 27 (Reuters) - Samhi Hotels Ltd SAMH.NS:

• BARQUE HOTELS SIGNS LEASE FOR 260-ROOM HOTEL IN HYDERABAD

• DEVELOPMENT COST FOR SAMHI'S WORK ESTIMATED BETWEEN 1.25 BILLION RUPEES TO 1.43 BILLION RUPEES

Source text: ID:nBSE7xldpP

Further company coverage: SAMH.NS

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** Shares of SAMHI Hotels SAMH.NS fall 6.9% to 207.37 rupees, their biggest drop since mid-April

** Co posts a 14.6% drop in revenue from ops sequentially, PAT drops 58% vs last quarter to 192 million rupees

** The hotel operator's performance affected in MAY by short period of geopolitical issues, Chairman Jakhanwala says

** Analysts covering the stock rate it as "strong buy" on avg; median PT is 293 rupees, per data compiled by LSEG

** YTD, SAMH up ~4%

(Reporting by Komal Salecha)

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Corrects media packaging code

April 24 (Reuters) - Singapore's sovereign wealth fund GIC and India's SAMHI Hotels SAMH.NS will establish a joint venture to develop upscale and higher hotel assets in India, with an equity investment plan of up to about $300 million, SAMHI said on Thursday.

(Reporting by Aleef Jahan in Bengaluru; Editing by Rashmi Aich)

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** India's Quality Power Electrical Equipment QUAY.NS and DAM Capital Advisors DAMC.NS slide as much as 6.7% and 4.2%, respectively

** Lock-in period on 6% outstanding QUAY and DAMC shares expire, as per Nuvama

** QUAY down 23% vs 425 rupees IPO price (lists on Feb 24); DAMS down 22% vs 283 rupees after IPO price (lists on Dec 27)

** DAM Capital gets SEBI administrative warning on certain broking operations matters

** Lock-ins on 6 others expire, including Sanathan Textiles SNAT.NS, Northern ARC Capital NORR.NS, Samhi Hotels SAMH.NS

** SNAT down 3.2%, while NORR flat; other stocks up

** 72 lock-ins to expire from March 17 to May 30 but not all shares will be for sale as promoters hold sizeable stakes, Nuvama says

(Reporting by Vivek Kumar M)

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March 3 (Reuters) - Samhi Hotels Ltd SAMH.NS:

• UNIT GETS TAX DEMAND ORDER FOR 17.9 MILLION RUPEES

Source text: ID:nNSE2GZYkj

Further company coverage: SAMH.NS

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Feb 10 (Reuters) - Samhi Hotels Ltd SAMH.NS:

• TO SELL 100% STAKE IN DUET CHENNAI OMR

• CONSIDERATION FOR SALE IS 535 MILLION RUPEES

Source text: ID:nBSEbd0XPn

Further company coverage: SAMH.NS

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Jan 21 (Reuters) - Samhi Hotels Ltd SAMH.NS:

• TO INVEST UP TO 205 MILLION RUPEES IN DUET CHENNAI OMR

Source text: ID:nBSEbTlhQj

Further company coverage: SAMH.NS

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Nov 13 (Reuters) - Samhi Hotels Ltd SAMH.NS:

• SAMHI HOTELS- SIGNS AGREEMENT WITH MARRIOTT INTERNATIONAL FOR MANAGEMENT OF 3 ADDITIONAL HOTELS

Source text: ID:nBSE3Dn7g5

Further company coverage: SAMH.NS

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** Shares of SAMHI Hotels SAMH.NS rise as much as 9.3% to 204.24 rupees

** SAMH, which operates Marriott, Hyatt and IHG hotels in India, on Friday reported Q2 net profit of 126.2 mln rupees ($1.50 mln) vs loss of 880 mln rupees yr ago

** Rev from ops rose ~21% Y/Y

** Adds, Q2 occupancy was at 75%, up from 72% in same quarter last year

** More than 4.1 mln shares traded, nearly 5x the 30-day avg, and highest since Aug.9

** Stock up ~19% YTD

($1 = 84.3820 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

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Nov 8 (Reuters) - Samhi Hotels Ltd SAMH.NS:

• SAMHI HOTELS - SIGNING OF LONG-TERM VARIABLE LEASE FOR A READY BUILDING IN HITEC CITY, HYDERABAD

Source text: ID:nBSE6xJVbX

Further company coverage: SAMH.NS

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Oct 4 (Reuters) - Samhi Hotels Ltd SAMH.NS:

• APPROVED INVESTING FUNDS TO ACQUIRE 100% SHARE CAPITAL OF INNMAR TOURISM AND HOTELS

• DEAL FOR ENTERPRISE VALUE OF 2.05 BILLION RUPEES

Source text for Eikon: ID:nBSEtcVB8

Further company coverage: SAMH.NS

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Aug 2 (Reuters) - Samhi Hotels Ltd SAMH.NS:

• SAMHI HOTELS JUNE-QUARTER CONSOL NET PROFIT 42.3 MILLION RUPEES

• SAMHI HOTELS JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 2.50 BILLION RUPEES

Source text for Eikon: ID:nBSE5yGYnx

Further company coverage: SAMH.NS

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March 21 (Reuters) - Samhi Hotels Ltd SAMH.NS:

• TO INVEST 13.1 MILLION RUPEES IN UNIT DUET INDIA HOTELS (AHMEDABAD)

• TO INVEST 55.5 MILLION RUPEES IN UNIT DUET INDIA HOTELS (PUNE)

Source text for Eikon: [ID:]

Further company coverage: SAMH.NS

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Feb 2 (Reuters) - Samhi Hotels Ltd SAMH.NS:

• SAMHI HOTELS DEC-QUARTER CONSOL NET LOSS 744.2 MILLION RUPEES VERSUS LOSS 803 MILLION RUPEES

• SAMHI HOTELS DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 2.68 BILLION RUPEES VERSUS 1.91 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: SAMH.NS

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** Shares of Samhi Hotels SAMH.NS, which operates the Marriott, Hyatt and IHG brand of hotels in India, rise 4.9% to 177.70 rupees

** About 1 mln shares change hands in a block deal at 171.35 rupees per share

** Busiest session since late Nov 2023; trading volume of 2.7 mln shares 3x the 30-day avg

** Stock gained about 16% in 2023 since listing in Sept

(Reporting by Dimpal Gulwani in Bengaluru)

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** JM Financial initiates coverage of SAMHI Hotels SAMH.NS with "buy" rating and PT at 290 rupees

** The PT represent a 88.3% premium to stock's last close

** SAMH operates Marriott, Hyatt and IHG hotels in India

** JMF says it "likes" SAMH for its ability to acquire and turn around underperforming assets; pan-India presence across price points

** JMF expects co's average room rates (ARR) to grow at 13%/6%/10% in FY24/FY25/FY26 and occupancy to be stable at 76%

** Revenue from operations likely to grow at a CAGR of 13% over FY23-26 on account of ARR growth, room additions - JMF

** Adds, expects EBITDA to grow at a CAGR of 24% over FY23-26

** Shares of SAMH rise as much as 3% to 158.70 rupees

($1 = 83.2440 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

Nov 8 (Reuters) - Samhi Hotels Ltd SAMH.NS:

• INDIA'S SAMHI HOTELS LTD SEPT-QUARTER CONSOL NET LOSS 880 MILLION RUPEES VERSUS LOSS 837.3 MILLION RUPEES

• SAMHI HOTELS LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 2.2 BILLION RUPEES VERSUS 1.74 BILLION RUPEES

Source text for Eikon: ID:nNSE219Dnj

Further company coverage: SAMH.NS

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BENGALURU, Sept 22 (Reuters) - Samhi Hotels SAMH.NS, which operates Marriott, Hyatt and IHG hotels in India, debuted at 134.5 rupees in pre-open trade on Friday, up 6.75%, compared with its initial public offer price of 126 rupees.

(Reporting by Rama Venkat in Bengaluru; Editing by Sonia Cheema)

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BENGALURU, Sept 18 (Reuters) - The initial public offering (IPO) of Samhi Hotels SAMH.NS, which operates Marriott, Hyatt and IHG hotels in India, was oversubscribed by over five times, inviting bids worth 41.96 billion rupees ($504 million), exchange data showed on Monday.

Investors bid for 333 million shares by the final day of bidding, 5.33 times more than the 62.5 million shares on offer, with institutional investors showing the most interest, the data showed.

Samhi Hotels' 13.7-billion-rupees IPO comprises a fresh issue of shares worth up to 12 billion rupees and an offer-for-sale of up to 1.7 billion rupees from existing investors including Goldman Sachs GS.N.

The loss-making company has set a price band of 119 rupees to 126 rupees per share for the IPO, according to a newspaper advertisement. It's expected to make its trading debut next week.

Samhi Hotels's revenue from operations more than doubled to 7.39 billion rupees in the year ended March 31, helping its net loss narrow to 3.39 billion rupees from 4.43 billion rupees a year earlier.

Gurugram-based Samhi was incorporated in 2010 and has a portfolio of 31 operating hotels in 14 cities. Marriott MAR.O accounted for more than 60% of its revenue last financial year, while Hyatt H.N and InterContinental Hotels Group (IHG) IHG.L contributed a little over 18% each.

Samhi plans to use 9 billion rupees of the proceeds to repay debt, according to its IPO prospectus. Its consolidated outstanding debt was 31.18 billion rupees as of the end of June.

JM Financial and Kotak Mahindra Capital are the lead managers of the IPO.

($1 = 83.3067 Indian rupees)

(Reporting by Rama Venkat in Bengaluru; Editing by Savio D'Souza)

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