The Board of Chalet Hotels at its meeting held on 10 February 2025 has, inter-alia, considered and approved the acquisition of Mahananda Spa and Resorts, a Wholly Owned Subsidiary of Mankind Pharma, and owning company of The Westin Resort & Spa, Himalayas a 141 room hotel at Rishikesh. The Company is in the process of entering into definitive agreements with the parties. The acquisition of 100% stake is at an enterprise value of Rs 530 crore (to be adjusted for net current asset).
