Acquisitions22 Jan 2024, 03:50 pm
Vikas Lifecare Limited Acquires Major Stakes in SKY 2.0 Club Dubai for $79 Million
AI Summary
Vikas Lifecare Limited has announced the acquisition of 60% stakes in the renowned 'SKY 2.0 Club' in Dubai for an enterprise valuation of $130 million. The acquisition is a share swap deal signed with the holding company M/s Blue Sky Event Hall FZ-LLC, Dubai. The SKY 2.0 Club is the largest nightclub in the Middle East and Asia, offering world-class entertainment and exemplary service. The acquisition is expected to be completed within this fiscal year.,
Key Highlights
- Vikas Lifecare Limited acquires major stakes in SKY 2.0 Club, Dubai for $79 million
- Enterprise valuation of $130 million
- Share swap deal with M/s Blue Sky Event Hall FZ-LLC, Dubai
- Largest nightclub in the Middle East and Asia
- World-class entertainment and exemplary service