Gourmet Gateway lifts hospitality stake to 99% in Manmeera reshuffle
What's the deal? Gourmet Gateway IndiaDealroom has a profile for this one. Try Dealroom →'s step-down subsidiary, Welgrow Hotels ConceptsDealroom has a profile for this one. Try Dealroom →, has raised its profit-sharing stake in Manmeera Hospitality LLPDealroom has a profile for this one. Try Dealroom → from 49% to 99%. The move, executed through a Second Supplementary LLP Agreement on August 25, 2026, hands Welgrow an additional 50% interest in the hospitality entity.
What are the terms? No separate acquisition cost was specified for the incremental 50% stake. Instead, Manmeera Hospitality LLP will pay a retirement consideration of ₹37.50 lakh each to two outgoing partners.
What's the endgame? The reconstitution consolidates Welgrow's partnership interest and operational control in Manmeera. The deal proceeds under the terms of the LLP Agreement, with no specific external regulatory approvals stipulated beyond standard statutory filings.
The signal: The transaction tightens Gourmet Gateway's grip on its hospitality operations by moving from a near-equal partnership to near-full ownership. Its shares last traded on the BSE at ₹12.00, against a previous close of ₹12.24.
Read more: equitybulls.com
Image credit: Dennis Wong
