Asian Hotels (East) Limited Subsidiary to Acquire Hyatt Regency Mumbai Hotel

Asian Hotels (East) Limited Subsidiary to Acquire Hyatt Regency Mumbai Hotel​

Asian Hotels (East) Limited has announced that its wholly owned subsidiary, Novak Hotels Pvt Ltd, based in Mumbai, has exercised a buy option to acquire the Hyatt Regency Mumbai hotel.

The transaction was executed under the Framework Agreement dated August 11, 2023, which was subsequently amended. The acquisition involves the purchase of the property from Asian Hotels (West) Ltd, headquartered in New Delhi.

This strategic move marks a significant operational update for the group as it expands its footprint through the Novak Hotels Pvt Ltd entity.

AHLEAST Stock Price Movement​

Asian Hotels (East) Limited shares rallied on Friday to settle at ₹148.88, surging by 4.39%. The stock traded with a volume of 4,865 shares as it moved from a low of ₹143.00 during the session.

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