Recently, Valor Estate Limited (Earlier known as DB Realty Limited) announced separate listing of its "Hospitality Business" through demerger along with amalgamation of its wholly owned subsidiary.
Valor Estate Limited ("VEL" or "Demerged Company" or "Transferee Company") is interalia engaged in:
a. Real Estate business which consists of a portfolio of Saleable assets & residential category, annuity assets in commercial category and land banks for future development
b. Hospitality business which consists of developing and owning multiple luxury hotel properties.
VEL's equity shares are listed on nationwide bourses.
Esteem Properties Limited ("EPL" or "Transferor Company") is a wholly-owned subsidiary of VEL which is engaged in development of real estate. Currently, the company owns 5.4 acre of developable land in Sahar, Mumbai.
Shiva Realtors Suburban Private Limited (Being renamed as Advent Hotels International Limited) ("AHIL" or "Resulting Company") is a wholly-owned subsidiary of VEL. Just before announcing the demerger, AHIL acquired subsidiaries engaged in Hotel business from VEL.
Recent Transactions:
Entry into Hospitality Business:
Till September 2023, VEL was engaged only in real estate business. In order to diversify existing business, VEL decided to foray into Hospitality business. VEL acquired following entities from promoter group to enter hospitality segment:
50% equity stake in Bamboo Hotels & Global Centre (Delhi) Private Limited a joint venture between Prestige Hospitality and VEL Promoters is constructing a hotel complex comprising of the St. Regis (189 rooms) and the Marriott Marquis (590 rooms) in Delhi for a consideration of INR 608 crore
100% equity stake of Goan Hotels & Realty Private Limited engaged in operating a hotel in Goa for a consideration of INR 1410 crore
Denne historien er fra August 2024-utgaven av M & A Critique.
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Denne historien er fra August 2024-utgaven av M & A Critique.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Raymond Group continues Segregation of its Business Verticals
After successful demerger of \"Lifestyle Business,\" Raymond Limited announced yet another restructuring to unlock further value for stakeholders.
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Merger for bail-out from debt obligation
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Batliboi Ltd. merging its associate company
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TVS Motors issuances of convertible preference shares as bonus instead of dividend
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Aditya Birla Fashion & Retails Scheme to undo its consolidation
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Advent International to combine its listed & private entity business
Recently, Advent International announced the merger of its privately held pharma company into recently acquired listed pharma company.
