Intimation for approval of investment of 26% of Equity Shares in the proposed Company "Avanir Wellness Resorts Private Limited by the Board of Directors at their meeting held on 28-05-2026 ....
SAYAJIHOTL · price
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Sayaji Hotels Ltd's Board has approved investing Rs. 26,000 (2,600 equity shares of Rs. 10 each) to acquire a 26% stake in a new Special Purpose Vehicle named 'Avanir Wellness Resorts Private Limited'. The company name has been pre-approved by the Registrar of Companies. The investment is part of a joint venture with RDB Real Estate Construction Limited as the Lead Member. The SPV will develop an Iconic Wellness Centre in Nava Raipur, awarded via a tender allotment letter by NRANVP (Nava Raipur Atal Nagar Vikas Pradhikaran) dated March 20, 2026. The deal is structured as a direct equity subscription with no cash or share swap involved.
This is a small investment (Rs. 26,000) in a newly formed hospitality SPV, marking Sayaji Hotels' entry into the wellness centre segment via a government-allocated project. The JV with RDB Real Estate diversifies the company's business into a new segment, but the financial impact is minimal at this stage.