Mahindra Holidays & Resorts India Limited has informed the Exchange about Acquisition of 100% stake in Aditatva Estates Private Limited
MHRIL · price
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Mahindra Holidays & Resorts India Limited (MHRIL), which runs Club Mahindra resorts, has approved acquisition of 100% stake in Aditatva Estates Private Limited for Rs. 37.5 crore in cash. Aditatva owns approximately 50 acres of land in Chikmagalur, Karnataka, currently used for coffee plantations. MHRIL plans to develop this land into a leisure resort, expanding its presence in Karnataka's tourism corridor. The deal is expected to close by 31st July 2026 and Aditatva will become a wholly owned subsidiary. The acquisition is not a related party transaction. Aditatva had turnover of Rs. 81 lakh in FY2025.
This acquisition strengthens MHRIL's land bank for resort expansion in a popular hill station destination. At Rs. 37.5 crore for 50 acres, it represents strategic real estate acquisition for future resort development, potentially adding to room inventory over time.