Rose Merc Ltd — Updates, 01-07-2025: Company Update

Rose Merc Limited has announced a board meeting on the acquisition of a 30% stake in Vastavya Rose Merc Private Limited, a newly incorporated company in the hospitality and MICE (Meetings, Incentives, Conferences, and Exhibitions) sector. Vastavya aims to promote standardized, technology-enabled lodging via aggregator and franchise models, and manage MICE activities including venue booking, event planning, and related services. The acquisition was made via cash consideration of Rs. 30,000. This move diversifies Rose Merc's business into hospitality and event management, potentially opening new growth avenues for shareholders.