Ventive Hospitality Limited has informed the Exchange about Acquisition
VENTIVE · price
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Ventive Hospitality's Investment Committee approved two acquisitions on March 30, 2026. First, its material subsidiary Panchshil Corporate Park will acquire a 50.02% stake in Narmada Estates Private Limited, which owns a land parcel near The Ritz-Carlton, Pune, for an equity consideration of ₹88.68 crores and an enterprise value of around ₹99.55 crores. Second, its subsidiary Soham Leisure Ventures will buy 100% of Sun Leisure (India) Private Limited, which operates the SOL DE GOA brand in Goa, for an equity consideration of ₹0.50 crores, an enterprise value of ₹23.05 crores (including ₹22.55 crores of debt). Narmada is a land-holding company with nil turnover, while Sun Leisure reported turnover of about ₹22.9 crores in FY25. Both deals are expected to close within 3 months and are not related-party transactions at the listed company level.
The acquisitions strengthen Ventive's hospitality footprint in two key markets — Pune (via a land parcel adjacent to its flagship Ritz-Carlton hotel) and Goa (via the SOL DE GOA brand). For shareholders, this signals aggressive portfolio expansion in core leisure-hospitality, though the Pune deal involves a relatively large cash outlay (₹88.68 crores) for a revenue-generating asset and will be closely watched for returns.