The Directors, promoters shareholders and relative of the promoters agreed to acquire 51.67% stake in Malwa Hospitality Private Limited from Sayaji Hotels Limited (BSE:523710) for INR 69 million on December 3, 2020. Sayaji Hotels Limited is selling all the stake owned in Malwa Hospitality. The consideration will be paid at INR 10 per share for 6.9 million shares. The Directors, promoters shareholders and relative of the promoters acquired 51.67% stake in Malwa Hospitality Private Limited from Sayaji Hotels Limited (BSE:523710) on March 31, 2021.