Mahindra Holidays & Resorts India (MHRIL), leisure hospitality provider, has signed an agreement to acquire a 12% stake in Nreach Online Services (Nreach). The company has agreed to subscribe to new equity shares to be issued by Nreach which will result in company acquiring 12% stake in Nreach.
Nreach is a leading tech-enabled marketplace for experiences, activities and interesting things to do in and around city or in travel destinations. The company owns a brand ‘GIFTXOXO’, which offers over 4000 categories of experiences and activities including travel and adventure, gourmet, health and wellness, and art and learning.
Mahindra Holidays & Resorts is India’s leading player in the vacation ownership industry offering quality family holidays primarily through vacation ownership memberships. While Club Mahindra is the flagship brand, the other brands offered by the company include Club Mahindra Fundays and Club Mahindra Travel.
