Samhi Hotels to acquire 49% stakes in 2 solar SPVs; invests Rs 44 Cr in subsidiary
SAMHI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved in line with Nifty Microcap 250 and 0.4 pts more than its Hotels & Resorts peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Board approved two transactions: (1) Acquiring 49% equity each in Clean Max Nile and Clean Max Solomon, solar project SPVs in Maharashtra and Karnataka, for Rs 1.45 Crore each (~Rs 2.91 Crore total) to supply renewable energy to subsidiary hotels, cutting utility costs. (2) Investing Rs 44.02 Crore in wholly-owned subsidiary Duet India Hotels (Hyderabad) via secondary acquisition of CCCPS from another subsidiary Duet Pune, to simplify group structure and remove cross shareholding.
Solar deals are small but support cost savings via green energy; internal restructuring streamlines the group with no ownership change for shareholders.