Ventive Hospitality Limited confirms the successful completion of acquiring 100% stake in Finest-VN Business Park Private Limited (FVBPPL) via its material unlisted subsidiary. FVBPPL holds the exclusive rights for Soho House expansion in India and currently operates Soho House Mumbai (Juhu). The total Cash Consideration for the acquisition was ₹59.83 Crore, finalizing the deal on February 17, 2026.
Acquisition Finalized by Subsidiary
Ventive Hospitality Limited announces that its Material Unlisted Subsidiary, Panchshil Corporate Park Private Limited, has successfully completed the purchase of 100% of the equity share capital in Finest-VN Business Park Private Limited (Target Entity). This transaction was finalized on February 17, 2026, following the initial disclosure made on October 16, 2025.
Target Entity Profile and Strategic Rationale
The Target Entity, Finest-VN Business Park Private Limited, was incorporated on August 24, 2022, and operates within the Hospitality Industry. The primary strategic importance lies in the fact that the Target Entity, through its subsidiaries, holds the exclusive rights for Soho House expansion across India and currently manages the operations of Soho House Mumbai (Juhu).
Key Financial Details of the Target Entity
The company’s financials as of March 31, 2025, indicated an Authorised Capital of ₹5,00,000 (50,000 Equity Shares) and a Paid-up Capital of ₹2,00,000 (20,000 Equity Shares). The turnover for the fiscal year ending March 31, 2025 (2024-25) stood at ₹22,000 (in INR Thousands), compared to Nil turnover reported in the preceding two financial years (2022-23 and 2023-24).
Consideration and Transaction Nature
The acquisition was settled through a Cash Consideration amounting to INR 59,83,00,000/- (Rupees Fifty-Nine Crores Eighty-Three Lakhs Only) for the 100% stake. Although the transaction qualifies as a related party transaction at the subsidiary level, confirmation has been provided that the transaction was conducted on an arm’s length basis.
Source: BSE
