Acquisitions3 Jul 2025, 05:02 pm
Mahindra Holidays & Resorts India Ltd Acquires Keskinainen Kiinteisté Oy Salla Star, Finland for Rs. 2,34,73,220
AI Summary
Mahindra Holidays & Resorts India Ltd has announced the acquisition of Keskinainen Kiinteisté Oy Salla Star, Finland by its wholly owned subsidiary Holiday Club Resorts Oy. The acquisition was completed on July 03, 2025, for a cash consideration of Rs. 2,34,73,220. KKOSS is a Finnish mutual real estate company that owns and manages a property located in Block 26 in the village of Méarkajarvi, in the municipality of Salla, Finland. The turnover of KKOSS for the year ended December 31, 2024, was Rs. 5,13,644, and the net worth as on December 31, 2024, was Rs. 2,37,441.
Key Highlights
- Mahindra Holidays & Resorts India Ltd has acquired Keskinainen Kiinteisté Oy Salla Star, Finland through its subsidiary Holiday Club Resorts Oy.
- The acquisition was completed on July 03, 2025, for a cash consideration of Rs. 2,34,73,220.
- KKOSS is a Finnish mutual real estate company with a turnover of Rs. 5,13,644 for the year ended December 31, 2024, and a net worth of Rs. 2,37,441 as on December 31, 2024.
- KKOSS owns the land on which the building controlled by the shareholder is located.
- The acquisition concerns the entire share capital of KKOSS.