Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, read with Schedule III of the SEBI Listing Regulations, we wish to inform you that following approval of the Board of Directors, a duly constituted Committee of the Board, has today approved and the Company executed a Share Subscription cum Purchase Agreement and a Shareholder's Agreement to acquire a 51% equity stake for Rs. 240 crores in Sparsh Infratech Private Limited, a company that owns and operates a health and wellness resort by the name 'Atmantan' at Mulshi, Maharashtra.