UVS Hospitality Acquires 51% Stake in Calcio Restaurants via Share Swap

UVS Hospitality and Services Ltd has approved the acquisition of 51% of the paid-up equity share capital of Calcio Restaurants Private Limited through a share swap. The acquisition is expected to consolidate operations, enhance strategic value, and create an integrated corporate structure. The transaction involves issuing up to 35,02,671 equity shares of UVS Hospitality to the shareholders of Calcio Restaurants. Calcio Restaurants was incorporated on 30th September 2020 and is based in Mumbai, operating in the hotels and restaurants business.