IHCL to acquire 51% stake in Atmantan for ₹240 crore

Indian Hotels Company (IHCL), said it has signed definitive agreements to acquire 51% stake in Sparsh Infratech Private Limited, which owns ‘Atmantan’, a well-established luxury wellness centre located in Mulshi near Pune, for ₹240 crore. “The acquisition gives IHCL ownership of the Atmantan brand and its proprietary expertise, enabling expansion of the wellness platform in collaboration with its founding promoters,” the company said.

Puneet Chhatwal, Managing Director & Chief Executive Officer, IHCL, said, “The growing wellness tourism market is witnessing a convergence of health and hospitality and increasing number of travellers are seeking immersive wellness experiences that go beyond conventional treatments and therapies.”

“Addressing this emerging consumer need IHCL marks its entry into the integrated wellness segment with Atmantan. Its holistic and unique wellness proposition along with its proven business model seamlessly complements IHCL’s brandscape,” he added.

Atmantan, located in Mulshi near Pune, is one of India’s leading integrated wellness destinations. Spread across 36 acres overlooking Mulshi Lake and the Sahyadri hills, this 97-key luxury centre offers transformative programs rooted in Ayurveda, Yoga, Indian Naturopathy, Physiotherapy, Nutrition, Counselling, Coaching and Fitness.