This is to Inform you that UVS Hospitality And Services Limited has executed the Term Sheet with the Calcio Restaurants Private Limited to acquire the majority stake.
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UVS Hospitality And Services Ltd has signed a term sheet to acquire a majority equity stake in Calcio Restaurants Private Limited. Calcio operates premium hospitality brands including Dragonfly, Shiloh, Not Just Tamasha, Lord of Drinks, Garnet, Club Iguana, and The Flying Saucer (to be renamed Aomi). The transaction is still at the term sheet stage and remains subject to satisfactory due diligence, execution of definitive agreements, and other customary conditions. Further details will be disclosed after the share acquisition agreement is finalized.
This is a significant acquisition move for UVS Hospitality, giving it a portfolio of well-known premium restaurant and bar brands. If completed, it could materially expand the company's hospitality business and revenue base, though the deal is not yet final and carries execution risk pending due diligence and definitive agreements.