SAMHI Hotels acquires 100% of Itmenaan Lodges for INR 12 crore
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
SAMHI Hotels board approved 100% acquisition of Itmenaan Lodges Private Limited for INR 12 crore cash (total approved investment up to INR 25 crore). Target runs boutique hotel Itmenaan Estate in Almora, Uttarakhand, part of RARE India. Deal expected to close by 30 August 2026. Also approved Q1 FY27 results (standalone profit INR 12.18 million, consolidated profit INR 249.27 million), INR 750 crore fund raising enabling resolution, and authorized capital hike from INR 25 crore to INR 29 crore. AGM set for 31 August 2026.
Adds boutique luxury asset in Uttarakhand, strengthens RARE India portfolio. Small ticket but signals continued expansion. INR 750 crore raise plan may cause dilution concerns.