GIC Singapore Affiliate To Invest Rs. 604 Crore in Samhi Hotels; Stock Price Up
By Ankur Chandra | Updated at: May 31, 2025 10:43 PM IST
SAMHI Hotels Ltd, has announced that it has concluded a large equity investment with Reco Bellflower Private Limited, an affiliate of the leading global investment firm GIC Pte of Singapore. Ltd., totalling more than ₹604 crore through two of its wholly owned subsidiaries. At 12 p.m. India time Samhi Hotels stock price was up by 0.73%
Investment Details
Following shareholder approval during the company’s Extraordinary General Meeting held on May 20, 2025, GIC’s affiliate has infused capital into SAMHI JV Business Hotels Private Limited and Ascent Hotels Private Limited via both primary issuance and secondary acquisition.
Transaction Summary
| Subsidiary | Primary Issuance (₹) | Secondary Acquisition (₹) | Total Investment (₹) |
|---|---|---|---|
| SAMHI JV Business Hotels Pvt. Ltd. | 264.43 crore | 115.00 crore | 379.43 crore |
| Ascent Hotels Pvt. Ltd. | 224.76 crore | – | 224.76 crore |
| Total | 489.20 crore | 115.00 crore | ₹604.20 crore |
- SAMHI JV Business Hotels Pvt. Ltd.: Issued 4.03 crore equity shares for ₹264.43 crore and transferred 1.75 crore shares for ₹115 crore.
- Ascent Hotels Pvt. Ltd.: Issued 10.08 crore equity shares and compulsorily convertible preference shares totaling ₹224.76 crore.
The undrawn capital commitments of both subsidiaries are subject to closing account reviews.
Strategic Implication
This transaction gives SAMHI a stronger financial footing, offering the capital it needs to fuel growth, expand its portfolio, and enhance operations. The backing of a globally respected institutional investor like GIC reflects strong confidence in SAMHI’s assets and long-term strategy.
Corporate Commentary
The disclosure, signed by Sanjay Jain, Senior Director – Corporate Affairs, Company Secretary and Compliance Officer, stated that the company remains in full compliance with the SEBI LODR regulations pursuant to Regulation 30(2) and Regulation 30(6) relating to material developments. The capital infusion is consistent with SAMHI’s asset-light growth strategy and further strengthens its position as a leading institutional owner and operator of hotels in India.
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https://nsearchives.nseindia.com/corporate/Samhi_27052025200128_Closing_Disclosure_Rafiki_LODR_SAMHI_GICLCD.pdf
