Kamat Hotels (India) Limited (NSEI:KAMATHOTEL) entered into an agreement to acquire Envotel Hotels Himachal Private Limited on August 30, 2023. The Consideration shall be paid in cash. Transaction has already been approved by Kamat Hotels (India) Limited's board of director's. The acquisition of shares is likely to be completed within 180 days from the date of execution of the Share Purchase Agreement. As of October 18, 2023 the cost of acquisition of Equity shares by the Company would be at Face Value of the Share of Envotel Hotels Himachal Private Limited.

Kamat Hotels (India) Limited (NSEI:KAMATHOTEL) completed the acquisition of Envotel Hotels Himachal Private Limited on October 1, 2023.