Oberoi Realty Limited has informed the Exchange about Acquisition of Hotel Horizon Private Limited Private Limited under the Insolvency and Bankruptcy Code, 2016 - Update
OBEROIRLTY · price
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Oberoi Realty Limited, as part of a consortium with Shree Naman Developers Private Limited and JM Financial Properties and Holdings Limited, has completed the acquisition of Hotel Horizon Private Limited (HHPL) under the Corporate Insolvency Resolution Process. The consortium paid Rs. 919.25 crore as Resolution Money on May 7, 2026 (Transfer Date). Oberoi Realty now holds 49.999% shareholding in HHPL and has infused Rs. 460 crore into the company. The Monitoring Committee has ceased to exist, and management control has transferred to the consortium with the Board of Directors reconstituted.
This acquisition gives Oberoi Realty significant exposure to the hospitality sector through a distressed asset acquisition at a potentially favourable valuation. The 49.999% stake and Rs. 460 crore infusion represent a meaningful capital deployment that could contribute to future revenue growth once HHPL's operations are fully integrated.