DB Realty to acquire stakes in 3 hotels for Rs 2,300 crore

27 Sep 2023 CW Team

DB Realty has announced its entry into separate share purchase agreements, with plans to acquire shares in Bamboo Hotel Global Centre (Delhi), Goan Hotels & Realty, and BD And P Hotels (India) for a combined sum of Rs 2,300 crore. The company disclosed this development in a filing with the BSE.

Bamboo Hotel Global Centre, a joint venture between Prestige Hospitality Ventures and Marine Drive Hospitality & Realty (MDHRPL), is currently engaged in the construction of an upscale hotel complex in Aerocity, New Delhi. This complex will include the renowned St. Regis and Marriott Marquis hotels, offering a total of 990 rooms, along with an extensive conferencing facility spanning 200,000 sq. ft. Additionally, it will feature approximately 6.15 lakh sq ft of leasable office and business center space.

The property is leased to Bamboo Hotel by Delhi International Airport (DIAL) for a comprehensive period of 57 years, inclusive of a 30-year lease extension. The total built-up area of this prestigious project amounts to approximately 3.3 million sq ft.

DB Realty's acquisition plan involves the purchase of 10,10,000 Class A equity shares, which represents roughly 50% ownership, from the current shareholders of Bamboo Hotel. Of these shares, 7,67,600 Class A equity shares will be procured from MDHRPL, an entity in which the company holds a 15.53% equity share capital, and 74.93% equity share capital is held by promoters, promoter group, key management personnel, their relatives, and enterprises controlled by them. The remaining 2,42,400 Class A equity shares will be acquired from Goan Hotels & Realty (GHRPL), a wholly-owned subsidiary company of MDHRPL. The total consideration for the acquisition of these 10,10,000 Class A equity shares amounts to Rs. 608.88 crore.

This strategic move signifies DB Realty's entry into the upscale hospitality sector and showcases its commitment to expanding its real estate portfolio with prestigious and high-value assets.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..