Tag: Chalet Hotels acquires

Chalet Hotels Limited completes the acquisition of Novotel Pune

Chalet  Hotels Limited  (Chalet) has concluded  the transaction with Belaire Hotels Pvt. Ltd. (BHPL), owner of ‘Novotel Pune Nagar Road’ Hotel (Novotel Pune) and its  affiliate entity Seapearl Hotels Private Limited (SHPL) for a net consideration of Rs. 177 Crores.  The above acquisition includes  100% equity shares and 100% of  zero coupon fully & compulsorily…