Mahindra Holidays acquires Finland's property firm for ₹2.35 crore via subsidiary
Mahindra Holidays & Resorts India
(MHRIL), through its Finnish arm
Holiday Club Resorts Oy
(HCR), has acquired 100% stake in
Keskinäinen Kiinteistö Oy Salla Star
(KKOSS), a mutual real estate company based in
Finland
, for ₹2.35 crore.
The all-cash deal gives MHRIL full ownership of KKOSS, which owns a land parcel and a building in the village of Märkäjärvi, in the municipality of Salla.
The move comes more than a decade after HCR began leasing the property in 2012. The acquisition aligns with a pre-agreed share purchase arrangement allowing HCR to take control of the asset.
The acquired company posted a turnover of ₹5.13 lakh and had a net worth of ₹2.37 lakh as of December 31, 2024. With this acquisition,
Mahindra Holidays
strengthens its real estate footprint in Finland, where it has maintained an active presence through its European subsidiary.
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