Oberoi Realty Limited has successfully completed the acquisition of Hotel Horizon Private Limited, as part of a consortium with Shree Naman Developers Private Limited and JM Financial Properties and Holdings Limited. The acquisition was finalised on May 7, 2026, marking the ‘Transfer Date’ as per the approved Resolution Plan.
The consortium, which was involved in the Corporate Insolvency Resolution Process (CIRP) of Hotel Horizon, has fulfilled the payment of the Resolution Money amounting to ₹919.25 crore. This includes an equity subscription of ₹1 crore for 100% ownership of Hotel Horizon. As a result, Oberoi Realty now holds a 49.999% stake in the company, having infused ₹460 crore into Hotel Horizon. This investment consists of ₹49,999 equity shares at a par value of ₹100 each, totalling ₹49,99,900, with the remaining amount provided as an unsecured loan.
The completion of the acquisition also led to the dissolution of the Monitoring Committee, which had been overseeing the implementation of the Resolution Plan and managing Hotel Horizon’s operations. Consequently, the Board of Directors of Hotel Horizon has been reconstituted to include individuals selected by the consortium members, including representatives from Oberoi Realty. The management and control of Hotel Horizon have now transitioned to the consortium as stipulated in the Resolution Plan.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).