Nimbus India Ltd. agreed to acquire an unknown additional stake in World Resorts Limited from Industrial Investment Trust Limited (BSE:501295) for approximately INR 160 million on August 18, 2023. The transaction has been approved by board of Industrial Investment Trust on August 18, 2023. The transaction is subject to gain approval from shareholders of Industrial Investment Trust. As on November 30, 2023, share purchase agreement was signed for the equity stake. The transaction was approved by the shareholders of Industrial Investment Trust and is expected to complete on December 6, 2023.

Nimbus India Ltd. completed the acquisition of an unknown additional stake in World Resorts Limited from Industrial Investment Trust Limited (BSE:501295) on December 6, 2023.