HB Portfolio Limited, in a strategic move to diversify its investment portfolio, has acquired 100% equity shares of Infinix9 Hotels & Resorts Private Limited. This acquisition is a part of HB Portfolio’s broader strategy to expand its business into the hospitality sector, a departure from its core operations.

Incorporated on 6th March 2024, Infinix9 Hotels & Resorts Private Limited has a paid-up equity share capital of ₹500 Lakhs. The company is based in Gurugram, Haryana, and owns a 99.95% stake in Infinix9 Hospitality LLP, making it a major player in the hospitality industry. While both entities are relatively new, their business structure is designed for rapid growth within the hospitality sector.

The Board of HB Portfolio Limited, in a meeting held on 24th May 2024, approved the acquisition and an additional investment of up to ₹25 Crores in the form of subscription of securities or grant of loans to Infinix9 Hotels & Resorts. This investment also includes 5000000 equity shares of ₹10/- each at par and 1000000 0% fully convertible debentures of ₹100/- each at par.

Key Considerations:

  * Infinix9 Hotels & Resorts is now a wholly owned subsidiary of HB Portfolio Limited.

  * The company will continue to operate in the hospitality industry under the leadership of its parent company, with expected growth facilitated by the ₹25 Crore investment.

This move provides HB Portfolio an opportunity to branch into a lucrative industry, especially in the wake of increased demand for hospitality services. The company’s decision to invest heavily into this newly incorporated entity signals its confidence in the future of the hospitality market. With no immediate governmental or regulatory approvals required, the acquisition process has been smooth, allowing for further growth potential in the next 12 months.

Moreover, the acquisition opens doors for HB Portfolio to capitalize on emerging opportunities within the hospitality sector. The acquisition is expected to strengthen their financial standing and create a long-term growth trajectory in a sector that has consistently demonstrated resilience, even amid global market uncertainties.

Infinix9 Hotels & Resorts, while newly incorporated, is poised to grow within the Indian hospitality landscape. The addition of Infinix9 Hospitality LLP to HB Portfolio’s assets reinforces their commitment to building a diversified business model. This expansion also aligns with the broader trend of corporate investment in the hospitality industry, particularly as the travel and tourism sectors rebound post-pandemic.

In conclusion, HB Portfolio's acquisition of Infinix9 Hotels & Resorts Private Limited showcases the company’s strategic foresight and its dedication to diversifying its investment portfolio. This acquisition will allow HB Portfolio to maintain its competitive edge while entering a promising sector with strong growth potential.

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Important Notes:

HB Portfolio’s investment strategy signals a new era of growth and diversification beyond their main business line.

Infinix9 Hotels & Resorts and Infinix9 Hospitality LLP are set to make their mark in the Indian hospitality industry.

The ₹25 Crore investment will be pivotal in propelling their growth and future success.

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