India's Kamat Hotels climbs on deal to manage luxury property

Kamat Hotels (India)

11/07/2025 10:37

** Shares of Kamat Hotels KAMT.NS rise 2% to 241.13 rupees after it signs a management deal for a luxury hotel in the northern Indian state of Uttarakhand under "The Orchid Hotel" brand

** This marks the company's third luxury property in the state

** The hotel is expected to be fully operational by December 2026, says KAMT

** KAMT shares are up 3% in 2025 so far

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))