Graviss Hospitality Limited (BSE:509546) agreed to acquire Graviss Restaurants Private Limited for INR 0.1 million on February 14, 2024. The consideration consists of INR 0.1 million in cash. As part of the consideration, INR 0.1 million was paid towards common equity of 0.01 million shares of Graviss Restaurants Private Limited.

Graviss Restaurants Private Limited reported revenue of INR 49.035 million for FY 2022-23. The deal is expected to be closed on or before April 15, 2024.