ADITYA BIRLA NEW Age Hospitality (ABNAH), the hospitality arm of Aditya Birla Group, has acquired the entire stake in KA Hospitality Private (KAH) that owns restaurant brand CinCin. The acquisition, which expands its hospitality play, also adds three global brands to its portfolio.
The financial terms of the deal were not disclosed.
Apart from CinCin, the acquisition would bring three other brands Hakkasan, Yauatcha and Nara Thai spanning the mid-market to premium segments under its fold. With this acquisition, ABNAH, promoted by Aryaman Vikram Birla, has added seven restaurants to its portfolio across three cities, it said in a statement.
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