D B Realty Limited entered into a share purchase agreement to acquire 50% stake in Bamboo Hotel Global Centre Private Limited from Goan Hotels & Realty Private Limited and Marine Drive Hospitality & Realty Pvt. Ltd for INR 6.1 billion.

D B Realty Limited (BSE:533160) entered into a share purchase agreement to acquire 50% stake in Bamboo Hotel Global Centre (Delhi) Private Limited from Goan Hotels & Realty Private Limited and Marine Drive Hospitality & Realty Pvt. Ltd for INR 6.1 billion on September 25, 2023. As part of the transaction, 10,10,000 Class A equity shares shall be acquired for total consideration of INR 6,088.8 million.

The consideration shall be in the form of transfer of funds through banking channels. D B Realty will purchase of 10,10,000 Class A Equity Shares (i.e. approx. 50%) from 7,67,600 Class A Equity Shares from MDHRPL and 2,42,400 Class A Equity Shares from Goan Hotels & Realty.

In a related transaction, entered into a Share Purchase Agreements to acquire Goan Hotels & Realty Private Limited and BD And P Hotels (India) Private Limited. As of March 31, 2023, Bamboo Hotel Global reported turnover of nil. The transaction has been approved by the shareholders of D B Realty.