SAMHI Hotels To Sell 100% Stake in Duet India Hotels

On February 10, 2025, SAMHI Hotels Ltd. announced the signing of a Share Purchase Agreement (SPA) for the sale of its wholly owned subsidiary, Duet India Hotels (Chennai OMR) Private Limited. The agreement, executed between SAMHI Hotels Ltd., Duet Chennai OMR, and Greenpark Hotels and Resorts Limited, outlines the sale of a 100% stake in Duet Chennai OMR. Following the completion of this transaction, Duet Chennai OMR will no longer be a subsidiary of SAMHI Hotels Ltd.

Details of the Transaction

SAMHI Hotels Ltd. has agreed to transfer its entire stake in Duet Chennai OMR to Greenpark Hotels and Resorts Limited. The transaction has been valued at ₹535 million, representing the enterprise value of Duet Chennai OMR. The financial impact of this sale on SAMHI Hotels Ltd. has been disclosed, with Duet Chennai OMR contributing ₹94.87 million in revenue, accounting for 0.99% of the company’s consolidated revenue for the financial year 2023-24. However, its net worth stood at a negative ₹123.63 million, reflecting a 1.19% impact on SAMHI’s overall net worth.

Regulatory and Compliance Aspects

The agreement for the sale was executed on 10th February 2025, with the transaction expected to be completed on or before 1st April 2025. Greenpark Hotels and Resorts Limited, the acquiring company, is a registered entity in Hyderabad, Telangana, under the Companies Act, 1956. The deal does not involve any related party transactions and is conducted at arm’s length. Additionally, it does not fall under the scope of a slump sale or a Scheme of Arrangement under SEBI regulations.

SAMHI Hotels Share Performance

As of February 11, 2025, at 10:45 AM, shares of Sahmi Hotels Ltd. are trading at ₹158.98 per share, reflecting a surge of 2.92% from the previous day’s closing price. Over the past month, the stock has registered a loss of 11.81%. The stock’s 52-week high stands at ₹237.85 per share, while its 52-week low is ₹146.50 per share.

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