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Speciality Restaurants to acquire 100% stake in Speciality Hotels India

28 May 2022 Evaluate

Speciality Restaurants has agreed to acquire 100% of the Equity Share Capital of Speciality Hotels India. The proposed acquisition is in line with the Company's strategic intent in the Hospitality Industry. Subject to fulfillment of agreed terms and conditions, the acquisition is expected to be completed on or before June 30, 2022.

Speciality Restaurants is primarily engaged in the business of operating restaurant outlets / sweet shops.

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