Spice Lounge Food Works Limited (BSE: 539895), a fast-growing multi-format food service organisation with a strong presence across South India, announced a major expansion move that sent its share price to the upper circuit.
The company’s Board has approved the acquisition of 100% ownership in Rightfest Hospitality LLP, marking its foray into India’s premium experiential and lifestyle hospitality segment.
Rightfest Hospitality LLP, headquartered in Hyderabad, operates some of India’s most dynamic lifestyle destinations, including XORA Bar & Kitchen in Jubilee Hills and SALUD, a beach club concept in Goa. With this ₹multi-crore acquisition, Spice Lounge aims to go beyond traditional dining formats and tap into the rapidly growing experiential entertainment and luxury lifestyle market.
The acquisition allows the company to integrate culinary expertise with live entertainment and premium venue experiences, appealing to affluent urban audiences and leisure travellers alike.
In addition to the Rightfest acquisition, the Board has authorised Mr Mohan Babu Karjela, Chairman and Director, to evaluate and potentially acquire a majority stake in Blackstone Management LLC.
The international hospitality firm specialises in luxury dining development, management, and consulting. Established in 2019, Blackstone has built a global reputation for delivering high-end, design-led hospitality experiences. Mr Karjela has been empowered to negotiate and finalise the potential transaction in consultation with legal, financial, and strategic advisors.
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As per the exchange filings, Mr Mohan Babu Karjela stated that integrating Rightfest’s experiential strengths with Spice Lounge’s culinary operations will unlock powerful synergies in brand development, marketing, and operations.
The company aims to become a lifestyle powerhouse, bridging food, entertainment, and technology through an integrated hospitality ecosystem. The evaluation of Blackstone Management LLC also signals Spice Lounge’s ambition to extend its global footprint and diversify its service portfolio.
Spice Lounge Food Works Limited operates a portfolio of 13+ outlets across 2 Indian states under brands including Buffalo Wild Wings, Wing Zone, Blaze Kebabs, Tortilla, and TekSoft Systems Inc. With over 75 years of combined hospitality expertise and a 500+ member workforce, the company is reshaping India’s dining landscape through innovation and strategic partnerships across casual, quick-service, and tech-driven formats.
On October 29, 2025, Spice Lounge Food Works share price opened at ₹49.30 on BSE, above the previous close of ₹47.52. During the day, it surged to ₹49.89 and dipped to ₹48.99. The stock is trading at ₹49.89 as of 2:16 PM. The stock registered a significant gain of 4.99%.
Over the past week, it has moved up by 11.36%, over the past month, it has moved up by 22.62%, and over the past 3 months, it has moved up by 31.47%.
Spice Lounge Food Works’ acquisition of Rightfest Hospitality LLP and its evaluation of Blackstone Management LLC mark a major step in its evolution from a food service company to a full-scale lifestyle and entertainment enterprise. The market’s positive reaction underscores investor confidence in the company’s ambitious expansion and diversified growth strategy.
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Published on: Oct 29, 2025, 3:03 PM IST
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