Apeejay Surrendra Park Hotels Limited — Important, 24-04-2025: Memorandum of Understanding/Agreements

Apeejay Surrendra Park Hotels Limited has announced a board meeting to discuss the acquisition of a 90% stake in Zillion Hotels and Resorts Private Limited for up to INR 209.25 crore. This acquisition will enable the company to enhance its portfolio in the travel and hospitality sector, specifically expanding its presence with the Z Luxury Residences, which include 62 service residences and food & beverage facilities in Juhu, Mumbai. The strategic move is likely to bolster the company’s operational capabilities and financial performance, presenting potential growth opportunities for shareholders.