EIHAHOTELS

Adds valuation in paragraph 1, background, analyst comment and context in paragraphs 3-11

June 2 (Reuters) - Shares of Schloss Bangalore SCHL.NS, owner of luxury hotel chain "The Leela", debuted 6.7% lower on Monday, valuing the company at 137.97 billion rupees ($1.62 billion).

The stock listed at 406 rupees on India's National Stock Exchange, compared to its issue price of 435 rupees. It was last down at 428 rupees.

Brookfield Asset Management BAM.TO-owned Schloss, whose$409 million IPO was the second-largest in India this year after Hexaware Technologies' $1 billion offering, had targeted a valuation of about $1.7 billion. The issue was oversubscribed nearly five times last week.

Schloss was expected to list weakly on concerns of rich valuation, debt and lower room occupancy rates than peers.

Its room occupancy was at roughly 70% for fiscal 2025, its prospectus showed. Occupancy levels for rivals Indian Hotels Company Ltd IHTL.NS and EIH Associated Hotels EIHA.NS were 78% and 79% respectively, company statements show.

"Taj"-owner Indian Hotels is valued at $12.76 billion while "Oberoi"-parent is valued at $273.3 million.

So far this year, IHCL and EIH Associated Hotels are down 12% and 5% respectively, compared to a 4% gain in blue-chip Nifty 50 index .NSEI. On the day, the benchmark was down 0.6%.

Schloss had initially filed for IPO last year to trim down its debt levels, which at the end of fiscal year 2025 stood at 25.68 billion rupees - a 32% decline on-year.

In comparison, liabilities at the end of the fiscal year 2025 at Indian Hotels and EIH Associated Hotels stood at 19.04 billion rupees and 1.10 billion rupees respectively.

"This lower interest is justified given investor concerns around the IPO's valuation, the company’s significant debt burden even after recent reductions, and operational challenges such as occupancy rates lagging behind industry averages," Prashanth Tapse, senior vice president (research) at Mehta Equities said.

Institutional buyers bid for more than seven times the shares allotted for them in Schloss, while retail investors bid for just 83%.

($1 = 85.4150 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Nivedita Bhattacharjee)

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** Shares of India's EIH Associated Hotels EIHA.NS climb 3.6% to 387 rupees

** Co's fourth-quarter profit after tax jumps ~26%, rev rises 6%

** Trading vols 36k on the day vs 30-day avg of ~30k

** Stock's session move trims YTD decline to 5%

(Reporting by Hritam Mukherjee in Bengaluru)

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Sept 19 (Reuters) - EIH Associated Hotels Ltd EIHA.NS:

• TO SUB LEASE LAND WITH BUILDING, FITTINGS AT KOCHI TO CONCEPT HOSPITALITY

Source text for Eikon: ID:nBSE4J0n69

Further company coverage: EIHA.NS

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June 14 (Reuters) - EIH Associated Hotels Ltd EIHA.NS:

• EIH ASSOCIATED HOTELS- APPROVED ISSUE OF BONUS SHARES IN THE RATIO OF 1:1

Source text for Eikon: ID:nBSE69hb55

Further company coverage: EIHA.NS

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** Shares of EIH Associated Hotels Ltd EIHA.NS up 11.7% at 806.05 rupees

** Hotels operator after market-close on Friday said it would consider bonus issue of shares on June 14

** At current levels, stock set for best day since Feb. 7

** Around 572,000 shares traded, 10x the 30-day avg volume

** Stock up 74% YTD, the most among competitors and larger hotel operator stocks

(Reporting by Nandan Mandayam in Bengaluru)

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June 7 (Reuters) - EIH Associated Hotels Ltd EIHA.NS:

• EIH ASSOCIATED HOTELS LTD - TO CONSIDER ISSUING BONUS SHARES

Source text for Eikon: ID:nBSE3BRQBL

Further company coverage: EIHA.NS

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BENGALURU, June 6 (Reuters) - ITC ITC.NS shareholders approved the Indian consumer goods maker's plan to carve-out its hotels business on Thursday, in line with the recommendation of some of its key proxy advisors.

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Sonia Cheema)

(([email protected]; X: @MukherjeeHritam;))

Feb 5 (Reuters) - EIH Associated Hotels Ltd EIHA.NS:

• DEC-QUARTER PAT 378.8 MILLION RUPEES VERSUS 301.7 MILLION RUPEES

• DEC-QUARTER REVENUE FROM OPERATIONS 1.27 BILLION RUPEES VERSUS 1.11 BILLION RUPEES

Further company coverage: EIHA.NS

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EIH Associated Hotels Ltd EIHA.NS:

• EIH ASSOCIATED HOTELS LTD- EXCISE COMMISSIONER LEVIED FINE OF 1.5 MILLION RUPEES ON UNIT

Source text for Eikon: ID:nBSE8sPck6

Further company coverage: EIHA.NS

Oct 10 (Reuters) - EIH Associated Hotels Ltd EIHA.NS:

• EIH ASSOCIATED HOTELS LTD - SHIB SANKER MUKHERJI RESIGNS AS CHAIRMAN

Source text for Eikon: ID:nBSEc0y3fD

Further company coverage: EIHA.NS

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Aug 7 (Reuters) - EIH Associated Hotels Ltd EIHA.NS:

• INDIA'S EIH ASSOCIATED HOTELS JUNE-QUARTER PAT 72.5 MILLION RUPEES VERSUS PROFIT 56.8 MILLION RUPEES

• EIH ASSOCIATED HOTELS JUNE-QUARTER REVENUE FROM OPERATIONS 668.6 MILLION RUPEES VERSUS 601 MILLION RUPEES

Source text for Eikon: ID:nBSE39ss6x

Further company coverage: EIHA.NS

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May 16 (Reuters) - EIH Associated Hotels Ltd EIHA.NS:

• MARCH-QUARTER PAT 261.7 MILLION RUPEES VERSUS 67.3 MILLION RUPEES

• MARCH-QUARTER REVENUE FROM OPERATIONS 1.08 BILLION RUPEES VERSUS 606.2 MILLION RUPEES

• FINAL DIVIDEND OF 5 RUPEES/SHR

Source text for Eikon: [ID:]

Further company coverage: EIHA.NS

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