EIH Ltd takes 26% equity in TP Varun Limited SPV, stock gains 3%EIH Ltd takes 26% equity in TP Varun Limited SPV, stock gains 3%

Introduction

Leading hospitality firm acquires 26% stake in TP Varun Limited to secure dedicated solar power supply, supporting cost efficiency and renewable energy use in operations.

Also Read: Solarworld Energy Solutions zooms 14% after winning contract for 200MW grid-connected solar PV project

Share price movement of EIH Ltd

On April 02, 2026, EIH Limited opened at ₹278.50, down 0.54% from its previous close of ₹280.00. The stock reached a high of ₹288.95 (3.19%) and a low of ₹271.35 (-3.05%). By 3:40 PM, it traded at ₹284.70, a 1.68% increase, with a market cap of ₹17,804.12 crore.

EIH Ltd Acquires Stake in TP Varun

EIH Limited has acquired 26% equity in TP Varun Limited, a subsidiary of Tata Power Renewal Energy Limited. The acquisition fulfills requirements under the Electricity Act, 2003 and Electricity Rules, 2005.

The company entered into a Power Delivery Agreement and Share Purchase Agreement with TP Varun Limited. The acquisition was completed on April 1, 2026, for a cash consideration of ₹2.66 crore.

TP Varun Limited, incorporated on July 20, 2023, focuses on ground-mounted solar photovoltaic projects. The company had no turnover in the last two financial years. EIH Limited gains access to dedicated renewable electricity.

Stock performance of EIH Ltd for period of 1 week, 6 months, and 1 year

EIH Ltd delivered a 1-week return of -6.53%, a 6-month return of -28.8%, and a 1-year return of -25.5%.

Also Read: Tejas Networks signs MoU with IIT Gandhinagar for cutting-edge telecom solutions, stock rallies 10%

Shareholding pattern of EIH Ltd

Particulars	Dec 2025	Sep 2025	Jun 2025
Promoter	32.90%	32.90%	32.90%
FII	6.20%	5.90%	5.90%
DII	14.10%	14.20%	13.80%
Public	47%	47.00%	47.50%

About EIH Ltd

EIH Ltd (NSE: EIHOTEL) owns and manages luxury hotels and cruisers under Oberoi, Trident, and Maidens brands, and offers catering, airport restaurants, and corporate air charters.

Stay Ahead with the Latest Stock Market Updates – Click Here

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

FAQs