UVS Hospitality to Acquire Majority Stake in Calcio Restaurants

UVS Hospitality and Services Limited has executed a Term Sheet with Calcio Restaurants Private Limited to acquire a majority stake. The Calcio Restaurants Private Limited operates premium hospitality brands including Dragonfly, Shiloh, Not Just Tamasha, Lord of Drinks, Garnet, Club Iguana, and The Flying Saucer (to be renamed Aomi). The proposed transaction is subject to satisfactory due diligence, execution of definitive agreements, and fulfillment of conditions. Further details will be intimated post execution of the share acquisition agreement.