Pursuant to Regulation 30 of the Securities Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulation,2015 and other applicable provisions, we wish to inform you ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Alfavision Overseas has signed a term sheet with Della Resorts & Adventure Private Limited to develop an integrated hospitality, adventure and lifestyle destination on approximately 220 acres of land at Saras, Icchawar, District Sehore, Madhya Pradesh. The project will include luxury resorts, villas, branded residences, wellness facilities and an adventure park, with an indicative Gross Development Value (GDV) of over INR 2,000 crores. The project land includes parcels owned by the company along with promoter group entities. A Special Purpose Vehicle (SPV) is proposed, where the land-owning entities (company plus promoter group) will hold 74% and Della will hold 26%, with Della's stake possibly issued as sweat equity for its development and branding expertise. The company clarified that this is not a related-party transaction, and detailed definitive agreements are yet to be finalized.
This is a significant asset-monetization move that could unlock substantial value from the company's land bank, but it is still at term-sheet stage and subject to approvals and definitive agreements. Shareholders should watch for follow-up updates on final structure, timelines and actual project execution, as the indicative INR 2,000+ crore GDV is preliminary and dependent on market conditions.