SAMHI Hotels Share Price Rises 5.16% as MIDC Clears Navi Mumbai Dual-Branded Hotel Project For Its Step-Down Subsidiary

Gurugram, October 28: SAMHI Hotels Limited share price is witnessing a rally today, on October 28. As of 12:30 PM, SAMHI Hotels shares are up by 5.16%, or 10.24 points, and are trading at ₹208.73. Until now, the shares have traded within a range of ₹209 and ₹202.91. The current traded volume stands at 15.36 lakh shares, with the company’s market cap at ₹4,391 crore. The shares of the company have their 52-week high at ₹254.50 and their 52-week low at ₹121.10.

SAMHI Hotels Limited is an Indian company that provides hotel ownership and asset management services. The company was established in 2010, and is headquartered in Gurugram, Haryana. The shares of the company are listed on NSE with the ticker symbol SAMHI and on BSE with the code 543984.

Key Trigger: MIDC Clears Navi Mumbai Dual-Branded Hotel Project

The significant rise in SAMHI Hotels share price comes after the company announced that its step-down subsidiary, Duet India Hotels (Navi Mumbai) Pvt. Ltd., has received MIDC’s approval to extend the development period for plots D-236 and D-237 in the TTC Industrial Area, Navi Mumbai. The project will feature a dual-branded hotel. The hotel will operate under Westin and Fairfield by Marriott. It will initially begin with 400 rooms in Phase I and will scale up to 700 rooms upon full development.

A Transformational Opportunity – Says the Leadership

Ashish Jakhanwala, Chairman & Managing Director, SAMHI Hotels Ltd, said the confirmation “unlocks a transformational opportunity for SAMHI in the Mumbai Metropolitan Region.” He further added: “The dual-branded configuration would enable the company to capture diverse demand segments across aviation, corporate, MICE, sports, and leisure, while advancing SAMHI’s presence across key office markets in India”.

REF:https://nsearchives.nseindia.com/corporate/Samhi_27102025202243_Press_Release_NaviMumbai_MIDC_Order.pdf

https://nsearchives.nseindia.com/corporate/Samhi_27102025200431_SAMHI_StockExchange_NaviMumbaiResolution_DisclosureLetter.pdf

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