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Chalet Hotels informs about update on acquisition

24 Mar 2023 Evaluate

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’) and further to letter dated March 22, 2023, and pursuant to the respective Share Purchase Agreements, Chalet Hotels has informed that on March 23, 2023: (a) the existing shareholders of Sonmil Industries (‘Sonmil’) have transferred 100% of the Equity Shares to the Company and the Company has paid the complete cash consideration of Rs 746.45 Million (including cash and cash equivalents), for the said acquisition. (b) the existing shareholders of The Dukes Retreat (‘Dukes’) have transferred 82.28% of the Equity Shares to the Company and the Company has paid the complete cash consideration of Rs 817.56 Million (including cash and cash equivalents), for the said acquisition. Consequent to above, Sonmil has become a wholly owned subsidiary of the Company and Dukes has become a subsidiary of the Company. The details as required under Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 with respect to the said acquisitions have already been submitted vide its above referred letter. Further, the Press Release being issued in respect of the said acquisition is attached.

The above information is a part of company’s filings submitted to BSE.

Chalet Hotels Share Price

778.90 10.00 (1.30%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Indian Hotel 659.55
ITC Hotels 162.45
EIH 321.55
Chalet Hotels 778.90
Mahindra Holi.&Resor 272.70
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