D B Realty has entered into separate Share Purchase Agreements to acquire shares of Bamboo Hotel Global Centre (Delhi), Goan Hotels & Realty and BD and P Hotels (India) on the terms and conditions as contained therein. D B Realty will acquire 10,10,000 Class A equity shares in Bamboo Hotel for a total consideration of Rs 608.88 crore.
D B Realty will acquire 78,250 equity shares for a total consideration of Rs 1,410.68 crore in Goan Hotels & Realty, which is a wholly-owned subsidiary of MDHRPL. Separately, D B Realty will acquire 2,12,69,325 shares for Rs 339.12 crore in BD And P Hotels (India). BD and P Hotels is a subsidiary of MDHRPL, which holds a 75 per cent stake and owns the Hilton Mumbai International Airport hotel.
D B Realty is a real estate development company that focuses on residential, commercial, retail and other projects, such as mass housing and cluster redevelopment, in and around Mumbai.
