Chalet Hotels Limited (Chalet), today signed a Share Purchase Agreement (SPA) for the purchase of Belaire Hotels Private Limited (BHPL), owner of Novotel Pune Nagar Road Hotel and its affiliate entity Seapearl Hotels Private Limited (SHPL) based on an aggregate enterprise value of ~Rs.290 crore.
AZB & Partners advised
Update 6 February 2020: Economic Laws Practice (ELP) advised
Update 4 February 2020: Wadia Ghandy advised
2020-01-17
Deal value: Appx. INR 1.68 Billion / Appx. USD 24 Million
This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.
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