Ventive Hospitality has announced the acquisition of significant stakes in two companies, enhancing its portfolio in the hospitality sector. The company’s Investment Committee approved the acquisition during a meeting held on 30th March 2026.
Ventive, through its material subsidiary Panchshil Corporate Park Private Limited, has acquired a 50.02% stake in Narmada Estates Private Limited. The consideration for this acquisition is ₹88.68 crores, achieved through a primary infusion to obtain the equity shares. The enterprise value of Narmada Estates is pegged at approximately ₹99.55 crores. Narmada Estates, incorporated in 1993, owns a land parcel near the existing hotel “The Ritz-Carlton, Pune.” The company has reported no turnover for the last three years.
In a separate transaction, Ventive’s subsidiary Soham Leisure Ventures Private Limited acquired a 100% stake in Sun Leisure (India) Private Limited – SOL DE GOA. The acquisition cost for Sun Leisure is ₹0.50 crores for the equity shares, with an enterprise value of ₹23.05 crores. This transaction strengthens Ventive’s leisure hospitality portfolio in Goa. Sun Leisure, incorporated in 2009, is engaged in the hospitality business and has reported a turnover of ₹22,884 thousand for the year 2025.
Both acquisitions are expected to be completed within three months, with no governmental or regulatory approvals required. The acquisitions do not qualify as related party transactions for Ventive, although the transaction involving Sun Leisure is considered a related party transaction for the acquiring company due to a common director.
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.