Indian Hotels Company (IHCL) is making a formal entry into the wellness sector. It has unveiled plans to acquire a 51% stake in Sparsh Infratech, the owner of the Atmantan wellness retreat in Mulshi near Pune.

For an investment of around INR 2.4 billion ($27 million), the deal gives IHCL control of the Atmantan brand and its suite of wellness programs. The company said it will work with founders Sharmilee and Nikhil Kapur to scale the platform.

Puneet Chhatwal, managing director and CEO of IHCL, said the partnership “brings together Atmantan’s proprietary programs and IHCL’s vision of entering and expanding in the integrated wellness segment across select destinations globally including within our portfolio.”

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