Nimbus (India) Limited agreed to acquire an unknown additional stake in World Resorts Limited from Industrial Investment Trust Limited (BSE:501295) for approximately INR 660 million on August 18, 2023. World Resorts Limited reported net worth of INR 423.4 million during the financial year 2022-2023. The transaction has been approved by board of Industrial Investment Trust on August 18, 2023.

The transaction is subject to gain approval from shareholders of Industrial Investment Trust and is expected to close on March 31, 2024.