Kamat Hotels (India) Limited (NSEI:KAMATHOTEL) agreed to acquire Savarwadi Rubber Agro Private Limited from Vithal V. Kamat ? HUF, Vidhya V. Kamat and Vithal V. Kamat on May 23, 2024. The consideration will be paid in equity.

The transaction is approved by board of Kamat Hotels (India) Limited (NSEI:KAMATHOTEL). The deal is subject to subject to all Regulatory approvals, shareholders approval and other approvals. The deal is also, subject to the requisite approvals and sanction of the jurisdictional bench of National Company Law Tribunal (?NCLT?) including approvals from Stock Exchanges or such other competent authority as may be directed by the NCLT.