Board approves 34 percent acquisition in Alfa Valley Resort plus 300 Crore tourism JV with Della

Listed Co AcquisitionMarquee Jv AnnouncedStrategic Transactions View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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₹8.93

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₹9.07

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AI summary

Alfavision's board approved buying an additional 34 percent stake in Alfa Valley Resort and Wellness from its promoters for about Rs 34,000 in cash. Total holding in the resort firm rises to 74 percent, making it a subsidiary of Alfavision. The deal is a related party transaction. The board also approved a joint application with Della Resort for about 113 hectares of Madhya Pradesh government land to build an Ultra Mega Tourism Project worth around Rs 300 Crore. Note that Alfa Valley had nil turnover in the last three years. Acquisition target completion is July 15, 2026.

Likely market impact

Pushes Alfavision into hospitality with a 300 Crore mega tourism project and a Della partnership, though the target currently has no revenue.