Ventive Hospitality to acquire Kelzai Eco Reserves for INR 282 crore in cash

Listed Co AcquisitionStrategic Transactions View source PDF

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AI summary

Ventive Hospitality will acquire 100 percent of Kelzai Eco Resorts (equity and preference shares) for INR 281.88 crore in cash. Enterprise value is INR 466 crore. The target brings about 420 acres of resort property in Mumbai Metropolitan Region, helping Ventive enter the luxury resort and branded villa segment. Kelzai is in hospitality but had minimal turnover of INR 14.25 lakh in FY26. Deal is not related party. Expected to close in 3 months. No regulatory approvals needed.

Likely market impact

Strategic land bank acquisition of 420 acres in MMR to enter luxury resort segment. Pure cash deal worth INR 282 crore. No open offer triggered.