SAMHI Hotels to Acquire 70% Stake in RARE India for INR 473.9 Million

SAMHI Hotels Ltd. has approved investing funds to acquire a 70% partnership interest and an equivalent share in the profits of RARE India, a partnership firm. The total consideration is INR 473.9 million, which will be paid in two successive tranches. The first tranche involves a primary capital contribution of INR 233.9 million and the acquisition of partnership interest for INR 240.0 million. The second tranche involves a primary capital contribution of INR 65.0 million and the acquisition of partnership interest for INR 96.0 million. The transaction is expected to be completed by May 2026. RARE India operates a platform that aggregates luxury conscious-living hotels and retreats, promoting them and connecting travelers to the custodians of such hotels.