Oberoi Realty acquires 49.999% stake in Hotel Horizon
pre-market1 source ↓written by the desknot a recommendation
- in Hotel Horizon
- 49.999% stake
- as part
- ₹460 crore
Oberoi Realty has completed its acquisition of a 49.999% stake in Hotel Horizon Private Limited, investing ₹460 crore as part of the resolution plan under the Insolvency and Bankruptcy Code. This strategic move enhances Oberoi's portfolio in the hospitality sector, potentially boosting its market position and revenue streams. 🏨
Key Details:
• Shareholding Acquired: 49.999%
• Total Investment: ₹460 crore
• Equity Shares Subscribed: 49,999 shares at par value of ₹100
This acquisition may strengthen investor sentiment towards Oberoi Realty's growth prospects in the hospitality market.
Not investment advice. For informational purposes only.