Investment26 May 2025, 04:06 pm
HB Portfolio Ltd Approves Rs. 10 Crore Investment in Infinix9 Hotels & Resorts Pvt. Ltd
AI Summary
HB Portfolio Ltd has approved an investment of Rs. 10 crore in its wholly owned subsidiary, Infinix9 Hotels & Resorts Pvt. Ltd, within 12 months until 23 May, 2026. This is an extension of the earlier approved investment of Rs. 25 crore. Infinix9 Hotels & Resorts Pvt. Ltd is in the Hospitality Industry and has a registered office at Plot No. 31, Echelon Institutional Area, Sector-32, Gurugram, Haryana — 122001. The company has already invested Rs. 15 crore in Infinix9 Hotels & Resorts Pvt. Ltd, which has a paid-up equity share capital of Rs. 500 Lakhs.
Key Highlights
- HB Portfolio Ltd has approved an additional investment of Rs. 10 crore in Infinix9 Hotels & Resorts Pvt. Ltd.
- Infinix9 Hotels & Resorts Pvt. Ltd is a wholly owned subsidiary of HB Portfolio Ltd and is in the Hospitality Industry.
- The total investment approved is Rs. 25 crore, out of which Rs. 15 crore has already been invested.
- Infinix9 Hotels & Resorts Pvt. Ltd has a paid-up equity share capital of Rs. 500 Lakhs and reported a loss of Rs. 9.99 Lakhs for the year ended 31 March, 2025.
- The investment is to be completed within 12 months i.e., 23 May, 2026.