Brief: Adlabs Entertainment to buy 100 pct stake in Blue Haven Entertainment

Imagicaaworld Entertainment

07/11/2017 11:55

Nov 7 (Reuters) - Adlabs Entertainment Ltd  ADLA.NS : 
    * Says approves buying 100 percent stake in Blue Haven 
Entertainment  
    * Approved sale of Hotel Novotel Imagica Khopoli, additional 
land 
to Bright Star Investments Pvt for 2.13 billion rupees 
    * To transfer stake in Walkwater Properties to Blue Haven; 
deal 
includes takeover consideration of 1.50 billion rupees debt of 
Adlabs  
 
Source text for Eikon:  ID:nBSEbMKK0Z  
Further company coverage:  ADLA.NS  
 
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