Mahindra Holidays & Resorts India Limited (MHRIL) has announced the acquisition of a 100% stake in Aditatva Estates Private Limited, a company engaged in the coffee plantation business. The acquisition, valued at ₹37.5 crore, was approved by MHRIL’s Board of Directors during a meeting held on 27th April 2026. Aditatva Estates operates on a 50-acre land parcel located in Chikmagalur, Karnataka.
The acquisition is part of MHRIL’s strategic plan to expand its leisure resorts business. The company intends to leverage the assets of Aditatva Estates, including the land, for the development of a new leisure resort. This move aligns with MHRIL’s efforts to diversify its offerings and enhance its presence in the hospitality sector.
Aditatva Estates, incorporated on 30th November 2021, reported a turnover of ₹81,02,600 for the financial year ending 31st March 2025. The acquisition is not classified as a related party transaction, and none of the promoter or promoter group companies have any interest in Aditatva Estates.
The transaction will be completed through a cash consideration, and MHRIL has executed a Share Purchase Agreement (SPA) for the acquisition. The completion of the transaction is subject to the fulfilment of conditions precedent as outlined in the SPA, with an expected completion date by 31st July 2026.
Aditatva Estates has shown consistent growth in its turnover over the past three financial years, with figures of ₹37,09,649 in FY 2023, ₹80,61,845 in FY 2024, and ₹81,02,600 in FY 2025. The company operates solely within India and focuses on the agriculture industry, specifically coffee plantations.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).