Oberoi Realty acquires 49.999% stake in Hotel Horizon
after close1 source ↓written by the desknot a recommendation
- in Hotel Horizon
- 49.999% stake
- as part
- ₹460 crore
Oberoi Realty has completed the 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, reflecting its commitment to growth and expansion. 📈
• Total investment: ₹460 crore
• Equity shares subscribed: 49,999 shares at par value
This acquisition may strengthen Oberoi Realty's market position in the hospitality industry.
Not investment advice. For informational purposes only.