Acquisitions17 Dec 2025, 02:02 am
Apeejay Surrendra Park Hotels Acquires THALI Hotels and Destinations, Fishermans Grove Resorts, and The Malabar House for INR 69,27,070, INR 43,29,910, and INR 11,06,066 Respectively
AI Summary
Apeejay Surrendra Park Hotels Ltd has entered into a Share Purchase Agreement (SPA) for 100% stake of THALI Hotels and Destinations Private Limited (THALI) and Fishermans Grove Resorts Private Limited (FGRPL). The company will acquire 'Purity', a lakefront property held by THALI, situated at Muhamma - 688525, Kerala along with the luxury houseboat 'Discovery'. Additionally, the company has executed a Lease Deed and a Share Purchase Agreement with Cochin Residency Private Limited (CRPL) for acquiring 'The Malabar House'. The total cost of acquisition for THALI, FGRPL, and CRPL are INR 69,27,070, INR 43,29,910, and INR 11,06,066 respectively.
Key Highlights
- Apeejay Surrendra Park Hotels to acquire THALI Hotels and Destinations Private Limited for INR 69,27,070
- The company will also acquire Fishermans Grove Resorts Private Limited for INR 43,29,910
- Acquisition of 'Purity', a lakefront property held by THALI, and the luxury houseboat 'Discovery'
- Execution of Lease Deed and Share Purchase Agreement with Cochin Residency Private Limited for acquiring 'The Malabar House'
- Total cost of acquisition for THALI, FGRPL, and CRPL are INR 69,27,070, INR 43,29,910, and INR 11,06,066 respectively