Acquisitions7 May 2026, 09:21 pm
Oberoi Realty Completes Hotel Horizon Acquisition for ₹919.25 Cr
AI Summary
Oberoi Realty Ltd, along with its consortium partners Shree Naman Developers Private Limited and JM Financial Properties and Holdings Limited, has completed the acquisition of Hotel Horizon Private Limited (HHPL) under the Insolvency and Bankruptcy Code, 2016. The consortium has made the payment of the Resolution Money of ₹919.25 Crore, including equity subscription. Oberoi Realty now owns 49.999% shareholding in HHPL and has infused ₹460 Crore into HHPL. The Monitoring Committee has been dissolved, and a new Board of Directors, identified by the consortium, has been constituted, vesting management and control of HHPL in the consortium.
Key Highlights
- Oberoi Realty consortium completes Hotel Horizon acquisition.
- ₹919.25 Crore Resolution Money paid, including equity subscription.
- Oberoi Realty now owns 49.999% of HHPL, infusing ₹460 Crore.
- New Board of Directors appointed, control vested in consortium.
- Monitoring Committee dissolved effective May 7, 2026.