Oberoi Realty Limited has successfully completed the implementation of the resolution plan for Hotel Horizon Private Limited (HHPL). As part of the acquisition, the company has secured a 49.999% shareholding in HHPL and infused Rs. 460 Crore through equity subscription and unsecured loans. Following the payment of the Rs. 919.25 Crore resolution amount, the company has now assumed management and control of the entity.
Acquisition Finalized
Following the approval by the National Company Law Tribunal, Oberoi Realty Limited, in partnership with its consortium members, has officially completed the acquisition of Hotel Horizon Private Limited (HHPL). The transaction was finalized on May 7, 2026, which served as the designated ‘Transfer Date’ under the approved resolution plan.
Financial Breakdown and Investment
The total resolution amount paid by the consortium stood at Rs. 919.25 Crore. Within this framework, Oberoi Realty Limited has acquired a 49.999% stake in HHPL. To support the business operations and restructuring, the company has infused Rs. 460 Crore. This investment consists of 49,999 equity shares valued at Rs. 100 each, with the remaining balance provided in the form of an unsecured loan.
Operational Control and Governance
Effective May 7, 2026, significant changes to the governance of HHPL have taken effect. The Monitoring Committee, which previously oversaw the insolvency resolution process and business operations, has ceased to exist. Moving forward, the Board of Directors has been reconstituted to include representatives identified by the consortium, marking the formal transfer of management and control to the new owners.
Source: BSE
