Praveg Limited (BSE:531637) agreed to acquire Eulogia Inn Private Limited for INR 900 million on October 26, 2023. As per the transaction, Praveg Limited will allot 27 shares for for every 187 shares in Eulogia Inn Private Limited. As of July 31, 2023, Eulogia Inn Private Limited generated net worth of INR 175.9 million and nil revenues.

The transaction is subject to receipt of requisite approvals from the BSE Limited, National Company Law Tribunal and other statutory and regulatory authorities and the respective shareholders. The transaction was approved by the Board of Directors of Praveg.