Samhi Hotels in the green

Samhi Hotels is up 6–8% intraday, going up to Rs.192.95 and among the top five gainers on the BSE since opening bell. Trading volume is significantly above average, suggesting strong investor interest.

The company which manages brands like Courtyard by Marriott, Fairfield, Holiday Inn Express, etc is up today on news that GIC, (Singapore's sovereign fund) is reportedly in advanced talks to invest Rs.2,000–2,200 crore into Samhi Hotels.

The deal is expected to involve buying a significant minority stake, either via Preferential allotment (primary infusion), or Secondary stake purchase from existing investors (like Goldman Sachs or institutional holders).

The market is looking at this as very positive step head as infusion of these funds will help Samhi reduce debt, fund expansion of its hotel portfolio, especially in mid-market and business hotels and possibly lead to asset rebranding or upgrades in partnership with international chains.

The company’s net debt at end of Q3FY25 stood at Rs.2300-2500 crore. Samhi had gone public in Set’2023 and of the Rs.1200 crore raised, Rs.900 crore was used to retire part of its ten debt of Rs.3300 crore.