Ventive Hospitality board approves 100% acquisition of Kelzai Eco Reserves for ₹281.88 crore in an all-cash deal.
The acquisition of a 420-acre property in MMR establishes Ventive's footprint in the luxury resort and villa segment.
The transaction, with an enterprise value of ₹466 crore, is expected to be completed within three months.
Funding will be sourced from internal accruals and debt, with no governmental approvals required for the deal.