Samhi Hotels Block Deal: Blue Chandra Exits With Rs 150-Crore Stake Sale

Blue Chandra Pte Ltd., a subsidiary of Equity International Fund V, has exited Samhi Hotels Ltd. through a stake sale worth over Rs 150 crore.

The Singapore-based investment firm sold 87.21 lakh shares, or 3.94% stake, in the company at Rs 174.3 apiece, according to NSE block deal. This takes the cumulative deal value to approximately Rs 152 crore.

The deal marks an exit of Blue Chandra from Samhi Hotels as its shareholding in the company stood at 3.94% at the end of March 2025 quarter.

Among the buyers were BoFA Securities Europe SA, which mopped up 14.92 lakh shares or 0.67% stake, and Citigroup Global Markets Mauritius Pvt bought 5.74 lakh shares or 0.26% stake for Rs 174.3 apiece.

At the same price, Steinberg India Emerging Opportunities Fund Ltd. and Tata Mutual Fund bought 28.17 lakh shares or 1.28% stake each in the company.

Notably, Steinberg India Emerging Opportunities Fund held 1.27% stake in the hotel operator as of March 2025.

Shares of Samhi Hotels on Tuesday closed 4.51% higher at Rs 183.95 apiece on the NSE, compared to a 0.03% higher in the benchmark Nifty 50. The stock has fallen by 5.35% in the last 12 months and by 8.39% on a year-to-date basis.

All six analysts tracking the company have a 'buy' rating on the stock according to Bloomberg data. The average of 12-month analysts' price target implies a potential upside of 55.5%.

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