Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III of the SEBI Listing Regulations, we wish to inform you that the Board of Directors, a duly constituted committee of the Board has today approved and the Company has executed a Share Subscription Agreement and a Shareholders Agreement to acquire around 51% equity stake for an amount not exceeding ?110 crore in ANK Hotels Private Limited and for an amount not exceeding ? 94 crores in Pride Hospitality Private Limited.