Announced Wed, 8 Jul · 19:41 IST
Ventive Hospitality to acquire Kelzai Eco Reserves for Rs 281.88 crore
VENTIVE · price
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+1.6%1-day move
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AI summary
Ventive Hospitality's Investment Committee approved acquiring 100% equity and preference share capital of Kelzai Eco Reserves Private Limited for Rs 281.88 crore in cash. Enterprise Value is Rs 466 crore. Target holds about 420 acres of resort property in MMR, helping Ventive enter the luxury resort and villa segment. Deal to close in 3 months. Not a related party transaction, no regulatory approvals needed. Target FY26 turnover was just Rs 14.25 lakh.
Likely market impact
Entry into MMR luxury resort segment via 420-acre property. Rs 281.88 crore cash deal; minimal target revenue, small near-term earnings impact.