Symbiosis international deemed university, Private university in Pune, India

Della Adventure and Resorts Pvt. Ltd, which owns and manages the popular Della Resorts and Della Adventure Park in Lonavala, has raised Rs 208 crores in non-convertible debentures (NCDs) which are to be utilized to part-refinance debt, while giving impetus to the expansion endeavours of the group's hospitality arm. The financing was led by Nomura, a global financial services group. A wholly-owned subsidiary of the Della Group, Della Resorts is valued at Rs 660 crores as per a valuation done by Mandeep Lamba, President South Asia and his team of hospitality consultants HVS Anarock.Jimmy Mistry, Chairman and Managing Director, Della Group has said, "The proceeds from the NCDs will be utilised partly to refinance existing debt and towards the expansion strategy of our hospitality arm. Della Resorts will soon foray into increasing its current inventory while transforming into a 300-key resortSingapore-based Vishal Sharma, who led the transaction for Nomura, said, "We are excited about this partnership and wish Jimmy and Della a bright and successful future. We are invested in India, and it's becoming a core market for us. We will also continue to look at and evaluate various other investing opportunities."Alpha Investment Capital, a Dubai-based Financial and Business Consultancy headed by ex-ICICI Middle East CEO Murugan Shankaran were driving the project as Transaction Advisors. The legalities were overseen by legal honchos Satish Kishandani of Pioneer Legal and Rituparno Bhattacharya of TT&A.Della Resorts is an India-based experiential hospitality brand helmed by social entrepreneur, Jimmy Mistry , Chairman, and Managing Director,, known for his stellar work in the world of experiential design. Way back in 2009, as he made his first foray into mainstream hospitality, Jimmy realised how India lacked a presence in the experiential hospitality and design space. For the past 12 years, he has focussed tirelessly on creating and elevating Della Resorts as the experiential hospitality capital of India. Today, Della Resorts is a getaway of global standards due to this meticulous conceptualisation, and Jimmy's imperious design sensibilities.The Luxury Resort property has projected to instant fame thanks to its incredible designs, India's first and largest extreme adventure park, 6 uber-luxury resorts, and its uniquely paradoxical, India's first military-themed luxury resort for counter-terrorism training.Over the last decade and a half, Della Resorts has made significant investments along its journey as it continues its meteoric evolution as a preferred MICE [Meeting, Incentives, Conferences, and Exhibitions] and Destination wedding host. It also upholds its calling as a pioneer in adventure tourism and is a preferred holiday destination for families and day guests with activities and opportunities for everyone across the hospitality spectrum.Official website: www.dellaresorts.comMedia Contact:Name : Pearl Sanga (Director Della Group)Email: pearlsanga@dellagroup.inThis story is provided by PRNewswire.will not be responsible in any way for the content of this article. (ANI/PRNewswire)( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Symbiosis International Deemed UniversityFOLLOW

Symbiosis international deemed university, Latest News

Lucknow, Feb 28 The Sanjay Gandhi Post Graduate Institute of Medical Sciences (SGPGIMS) will offer free of cost ... ...

Bangalore, Feb 27 Railway Sports Promotion Board, Air India Sports Promotion Board, Petroleum Sports Promotion Board and All ... ...

New Delhi, Feb 27 The drive to eliminate sickle-cell disease is a multi-sectoral mission leveraging community mobilization and ... ...

Hyderabad, Feb 27 Union Health Minister Mansukh Mandaviya said on Monday that it is of vital importance to ... ...

Ministry of Ayush's first "Chintan Shivir" was inaugurated by Union Minister of Ayush Sarbananda Sonowal on Monday at Kaziranga ... ...

New Delhi, Feb 27 Talking about the transformation plans on Monday, Air India CEO Campbell Wilson said that ... ...

Goa, Feb 27 As many as four Indian pairs qualified for the main draw of the men's and ... ...

Della Adventure and Resorts Pvt. Ltd, which owns and manages the popular Della Resorts and Della Adventure Park in Lonavala, has raised Rs 208 crores in non-convertible debentures (NCDs) which are to be utilized to part-refinance debt, while giving i ...