VENTIVE HOSPITALITY LTD : ACQUIRES KELZAI ECO RESERVES PRIVATE LIMITED

• Ventive Hospitality Ltd: step-down subsidiary acquires 100% Equity Share Capital and 100% Preference Share Capital of Kelzai Eco Reserves Private Limited. • Acquisition is for a total consideration of INR 2,818,795,572 (approx. ₹281.88 Cr). • Enterprise Value of Kelzai Eco Reserves Private Limited is INR 466,00,00,000 (approx. ₹466 Cr). • The acquisition aims to establish Ventive's footprint in the luxury resort and branded villa segment in the Mumbai Metropolitan Region. • Indicative time period for completion of acquisition is 3 Months. • Kelzai Eco Reserves Private Limited was incorporated on November 29, 1989, and is engaged in the hospitality business.

Ventive Hospitality Ltd

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