Intellivate Capital Ventures has received an approval for purchase of around 95% shareholding in Boutonniere Hospitality, at around purchase consideration of Rs 48.86 crore, consequent to which Boutonniere Hospitalitywill become subsidiary of the Company, following the completion of procedural requirements. The acquisition of the Boutonniere Hospitality as envisaged will help to cater in to food business. The Board of Directors of the Company at its meeting held on May 30, 2022, has, inter alia, considered and approved the same.
Intellivate Capital Ventures has played a key role in establishing the foundation for several businesses in India, by providing funding to companies in sectors as diverse as Information Technology, Media & Entertainment, Financial Services, Infrastructure, Construction services, Real Estate, Logistics, etc.
