Vidli Restaurants has received approval to enter into Share Purchase agreement (SPA) with Conwy Hospitality and Vitizen Hotels for the purpose of acquisition of 31,45,510 Equity Shares of Rs 10 each (84.01%) of Vitizen Hotels from Conwy Hospitality at a price of Rs 13 per share for cash.
Vidli Restaurants runs a chain of restaurants serving hygienic standardized food items in a quick serve format at various outlets on national highways, state highways and cities.