Acquisitions10 Nov 2025, 11:18 am
Dreamfolks Services Ltd to Acquire 50.01% Stake in Ten 11 Hospitality LLP for INR 11.46 Crore
AI Summary
Dreamfolks Services Ltd announced that its Board of Directors has approved an investment of up to INR 11.46 Crore in Ten 11 Hospitality LLP, a Limited Liability Partnership Firm engaged in the business of operating/running premium lounges. The acquisition of 50.01% partnership stake from existing partners will make Ten 11 Hospitality LLP a subsidiary of Dreamfolks Services Ltd. The acquisition is aimed at consolidating and strengthening Dreamfolks' value chain over its existing railway lounge service operations.
Key Highlights
- Dreamfolks Services Ltd to invest INR 11.46 Crore in Ten 11 Hospitality LLP
- Acquisition of 50.01% partnership stake from existing partners
- Ten 11 Hospitality LLP to become a subsidiary of Dreamfolks Services Ltd
- Acquisition aimed at strengthening Dreamfolks' railway lounge service operations
- Ten 11 Hospitality LLP has a turnover of INR 8,65,83,007.38 for FY 2024-25