HBI Staff | Hyderabad 
According to PT, Investment firm GTI Capital Group divested a 4.7% stake in hospitality firm Samhi Hotels for INR 193 crore through open market transactions on Friday.
GTI Capital Alpha, an affiliate of Mauritius-based GTI Capital Group, offloaded shares of Samhi Hotels through separate block deals on the BSE. According to available data, GTI Capital Alpha sold 1,03,36,865 shares, amounting to a 4.7% stake in Samhi Hotels. The shares were disposed of at an average price of INR 187.1 apiece, bringing the transaction value to INR 193.40 crore.
Following the stake sale, GTI Capital Group’s shareholding in Samhi Hotels decreased from 6.24% to 1.5%. Buyers of the shares included ICICI Prudential Mutual Fund, Tata Mutual Fund, JM Financial Mutual Fund, Quest Investment Advisors, Subhkam Ventures I, Morgan Stanley, and the Abu Dhabi Investment Authority.
Shares of Samhi Hotels rose by 1.22% to close at INR 191.05 per piece on the BSE. Samhi Hotels operates under long-term management contracts with global hotel operators such as Marriott, Hyatt, and IHG.
In a separate block deal on the NSE, private equity firm TPG sold 20 lakh shares of Solara Active Pharma Sciences for INR 99 crore through an open market transaction.
