Orange County Resorts and Hotels Limited agreed to acquire Elkhill Estates from The Bombay Burmah Trading Corporation, Limited (BSE:501425) for INR 2.91 billion on February 28, 2023. Elkhill Estates reported a turnover of INR 376.94 million in December 2022. The transaction is Subject to completion of due-diligence by the proposed buyer, receipt of necessary approvals, including approvals from shareholders and lenders of The Bombay Burmah Trading Corporation Limited and regulatory authorities.

Board of The Bombay Burmah Trading Corporation Limited approved the deal. The transaction is expected to Complete on April 30, 2023.