Samhi Hotels Limited has announced significant investments and acquisitions aimed at bolstering its renewable energy capabilities and strengthening its subsidiary operations. The company’s board approved these strategic moves during a meeting held on 15 April 2026.
Samhi Hotels will acquire a 49% equity interest in Clean Max Nile Private Limited and Clean Max Solomon Private Limited. The investment, totalling ₹1,45,80,000 in each entity, is intended to facilitate the sourcing of renewable energy through a solar group captive arrangement. This initiative will enable Samhi Hotels‘ subsidiaries in Maharashtra and Karnataka to increase their renewable energy consumption and achieve savings in annual utility costs.
Additionally, Samhi Hotels is set to invest ₹44,01,80,000 in its wholly owned subsidiary, Duet India Hotels (Hyderabad) Private Limited. This investment involves the secondary acquisition of 2,44,87,096 Compulsorily Convertible Cumulative Preference Shares from another subsidiary, Duet India Hotels (Pune) Private Limited.
Clean Max Nile, a company incorporated in October 2024, is focused on developing renewable energy projects. It is currently working on a 4.05 MWp solar project in Maharashtra, which will supply electricity to Samhi Hotels’ subsidiaries. The acquisition is not classified as a related party transaction and does not require governmental or regulatory approvals.
The completion of the acquisition is expected by 15 May 2026, with the transaction being executed through cash consideration.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Kinjal and reviewed by Markets Desk before publication.