HB Portfolio Limited has announced an investment of INR 50 crore in its wholly owned subsidiary, Infinix9 Hotels & Resorts Private Limited. This investment, executed through the acquisition of equity shares and fully convertible debentures, is part of a broader plan to diversify the company’s portfolio. The investment plan, which began earlier in 2024, aims to invest up to INR 25 crore over 12 months.
This strategic move is designed to strengthen HB Portfolio’s position in the hospitality sector through its subsidiary. Infinix9 Hotels & Resorts Private Limited, along with its 99.95% owned Infinix9 Hospitality LLP, is focused on expanding its hospitality business.
The company’s acquisition includes 5 million equity shares at INR 10 per share and 1 million 0% fully convertible debentures at INR 100 each, reflecting a significant commitment to future growth. This investment aligns with HB Portfolio’s goals of diversification and long-term development in the hospitality industry.
