Acquisitions5 Mar 2026, 09:10 pm
Valor Estate Ltd. to Acquire Shares of Bamboo Hotel and Global Centre for Rs. 596.70 Crores
AI Summary
Valor Estate Ltd. has announced its intention to acquire shares of Bamboo Hotel and Global Centre from Advent Hotels International Limited for approximately Rs. 596.70 Crores. The acquisition would place a non-controlling stake in a long gestation project, allowing the Company to fund, manage, and optimize value extraction. The transaction is subject to the approval of shareholders and existing lenders of Bamboo Hotel. Post-acquisition, Valor Estate Ltd. will hold 49% shares in Bamboo Hotel, making it an Associate company.
Key Highlights
- Valor Estate Ltd. to acquire shares of Bamboo Hotel and Global Centre for Rs. 596.70 Crores
- The acquisition would place a non-controlling stake in a long gestation project
- The transaction is subject to the approval of shareholders and existing lenders of Bamboo Hotel
- Post-acquisition, Valor Estate Ltd. will hold 49% shares in Bamboo Hotel
- Bamboo Hotels is in the business of hospitality with a turnover of NIL for the last 3 years