Acquisitions5 Mar 2026, 09:02 pm
Valor Estate Ltd. to Acquire Shares of Bamboo Hotel and Global Centre for Rs. 596.70 Crores
AI Summary
Valor Estate Ltd. has approved the acquisition of shares of Bamboo Hotel and Global Centre from Advent Hotels International Limited for approximately Rs. 596.70 Crores. The acquisition also includes the assumption of existing loans aggregating to approximately Rs. 1058.89 Crores. The transaction is at arm's length and is subject to the approval of shareholders and other relevant parties.
Key Highlights
- Valor Estate Ltd. to acquire shares of Bamboo Hotel and Global Centre for approximately Rs. 596.70 Crores.
- The acquisition also includes the assumption of existing loans aggregating to approximately Rs. 1058.89 Crores.
- The transaction is at arm's length and is subject to the approval of shareholders and other relevant parties.
- Bamboo Hotels was incorporated on 14th August 2008 and is in the business of hospitality.
- The proposed acquisition is expected to place a non-controlling stake in a long gestation project, with Valor Estate Ltd. positioned to fund it, manage completion and funding intensive asset Company stabilization and optimizes value extraction.