Ventive Hospitality is exploring a potential acquisition through its subsidiary, Panchshil Corporate Park Private Limited (PCPPL). The company aims to enter a non-binding agreement to potentially acquire a target entity and expand the Soho House brand in India. This move could lead to Ventive Hospitality acquiring subsidiaries that hold exclusive rights for Soho House expansion, particularly concerning Soho House Mumbai (Juhu).
Acquisition Exploration
Ventive Hospitality, via its Material Subsidiary, namely Panchshil Corporate Park Private Limited (PCPPL), intends to explore the potential acquisition of a business. The company plans to enter into a non-binding agreement with a Target Entity.
Soho House Expansion
If the transaction is successful, the proposed deal would likely result in the acquisition of the Target Entity’s subsidiaries. These subsidiaries currently hold exclusive rights for Soho House expansion in India. The company also operates Soho House Mumbai (Juhu).
Conditions
The proposal is subject to due diligence, the execution of definitive agreements, and compliance with all applicable laws and regulatory approvals.
Source: BSE
