Oberoi Realty Limited, in partnership with Shree Naman Developers Private Limited and JM Financial Properties and Holdings Limited (collectively referred to as “the Consortium”), has had its resolution plan for Hotel Horizon Private Limited (HHPL) approved by the Committee of Creditors (CoC) on 14 July 2025. Acting under the authority of the CoC, the Resolution Professional issued a Letter of Intent (LOI) naming the Consortium as the successful resolution applicant.
The plan entails a total payment of ₹919 crore (plus any legally required additions) to fully settle all claims from HHPL’s creditors, including the costs incurred during the Corporate Insolvency Resolution Process (CIRP). The settlement is expected to be completed within 45 days of National Company Law Tribunal (NCLT) approval.
The plan’s implementation will either be carried out by the Consortium or through a newly formed special purpose vehicle (SPV). Hotel Horizon owns approximately 7,500 square metres of sea-facing land in Juhu, Mumbai, designated for a retail-cum-hotel development.
The resolution plan has been crafted to comply with all applicable legal, regulatory, and judicial requirements, including securing necessary approvals from relevant courts, tribunals, or regulatory bodies as stipulated in the LOI and the forthcoming NCLT order.
The acquisition is aligned with Oberoi Realty’s core business and is not considered a related party transaction. HHPL will issue ₹1 crore worth of fresh shares to the Consortium or SPV, granting them 100% ownership and control of the company. HHPL, incorporated on 6 December 2004, is currently developing a combined retail and hospitality property in Juhu.
Financial data for the past 3 years is unavailable, but earlier filings show limited turnover (₹0.46 crore in FY15). The transaction will be executed in cash, and the timeline for full acquisition completion remains undetermined.
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As of July 15, 2025, at 11:43 AM, Oberoi Realty share price is trading at ₹1,834.90 per share, reflecting a surge of 1.70% from the previous day's closing price. Over the past month, the stock has declined by 4.88%. The stock's 52-week high stands at ₹2,343.65 per share, while its low is ₹1,451.95 per share.
The approval of the resolution plan marks a strategic expansion for Oberoi Realty into the retail and hospitality sector in Juhu, Mumbai. By acquiring 100% ownership of Hotel Horizon Private Limited through a structured and legally compliant process, the consortium aims to revitalise a prime sea-facing asset, reinforcing its presence in high-value real estate development.
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Published on: Jul 15, 2025, 12:20 PM IST
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