Acquisitions30 Mar 2026, 07:07 pm
Ventive Hospitality to Acquire 50.02% Stake in Narmada Estates and 100.00% Stake in Sun Leisure for ₹112.23 Crores
AI Summary
Ventive Hospitality Ltd. has announced its intention to acquire a 50.02% stake in Narmada Estates Private Limited and a 100.00% stake in Sun Leisure (India) Private Limited - SOL DE GOA. The total consideration for the acquisitions is ₹112.23 Crores. Narmada Estates, a land holding company, owns a land parcel in the vicinity of The Ritz-Carlton, Pune, and Sun Leisure is engaged in the hospitality business. The acquisitions are expected to be completed within three months and do not require any governmental or regulatory approvals.
Key Highlights
- Ventive Hospitality to acquire 50.02% stake in Narmada Estates for ₹88.68 Crores
- Ventive Hospitality to acquire 100.00% stake in Sun Leisure for ₹23.55 Crores
- Acquisitions to strengthen Ventive’s leisure hospitality portfolio in Goa
- No governmental or regulatory approvals required for the acquisitions
- Expected completion of acquisitions within three months