Latest news with #ApeejaySurrendraParkHotelsLimited
Business Upturn
03-06-2025
- Business
- Business Upturn
Apeejay Surrendra Park Hotels to form LLP for new Jaipur hotel project with 51 percent stake
By News Desk Published on June 3, 2025, 07:23 IST Apeejay Surrendra Park Hotels Limited has announced that it has entered into a Limited Liability Partnership (LLP) Agreement with Mr. Anand Goyal and Mrs. Nidhi Goyal (Goyal Group) for the formation of a new LLP in which the company will hold a 51 percent stake. The LLP will be formed to build, own, and operate a hotel on a 18,000 square metre plot located at Plot No. 03, Village Dhand, Amer, Jaipur-Delhi National Highway-8, Jaipur, Rajasthan. Once incorporated, the LLP will be classified as a related party of the company. The company expects the LLP to be incorporated by September 30, 2025. The project will be developed under the hospitality segment, which is the company's core line of business. The hotel is expected to strengthen the company's presence in Jaipur, a key tourism and business destination. The initial investment in the LLP will be Rs 5.1 lakh, with the capital contribution being partly in cash and partly through the transfer of the Demised Land to the LLP. 51 percent of the consideration payable for the land transfer will also meet the company's capital contribution obligations in the LLP. Approval from the Jaipur Development Authority will be required for the transfer of the land. The company said this move is in line with its strategy to expand its hotel portfolio in key markets. Disclaimer: This article is for informational purposes only and does not constitute investment advice. News desk at
Mint
24-04-2025
- Business
- Mint
Small-cap stock: Apeejay Surrendra Park Hotels share price jumps 7% despite weak trends on Dalal Street. Here's why
Small-cap stock: Apeejay Surrendra Park Hotels share price jumped almost 7 per cent in intraday trade on the BSE on Thursday, April 24, defying weakness on the Dalal Street. Apeejay Surrendra Park Hotels share price opened at ₹ 154.55 against its previous close of ₹ 154.50 and rose 6.8 per cent to an intraday high of ₹ 165. Around 12:15 PM, the small-cap stock traded 6.54 per cent higher at ₹ 164.60. Equity benchmark Sensex was 0.32 per cent down at 79,859 at that time. Apeejay Surrendra Park Hotels share price recently hit a 52-week low of ₹ 128.75 on April 7 this year, after hitting a 52-week high of ₹ 208.40 on January 3. The small-cap stock witnessed healthy buying interest today after it announced it was set to acquire 90 per cent stake of Zillion Hotels and Resorts Private Limited for ₹ 209.25 crore. "Apeejay Surrendra Park Hotels Limited has entered into a binding memorandum of understanding (MOU) today for the acquisition of 90 per cent stake of Zillion Hotels and Resorts Private Limited from its existing shareholders (namely Handa Family Shareholders and Nair Family Shareholders)," the company said in an exchange filing on April 24. After the acquisition, Zillion Hotels and Resorts Private Limited will become a subsidiary of the company. Zillion Hotels owns and operates the 'Z Luxury Residences', including 62 service residences and food and beverage facilities at 29/1 J R Mhatre Road, opposite Iris Park, Juhu, Mumbai. Read all market-related news here Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary. First Published: 24 Apr 2025, 12:11 PM IST
