Archive · 29 Oct 2025
Spice Lounge Food Works to Acquire Rightfest Hospitality, Considers Blackstone Stake
Imagine a company called Spice Lounge Food Works that makes food.
They decided to become bigger and get into the fancy hotel and entertainment business!
First, they are buying a company called Rightfest Hospitality, which already owns cool places like a restaurant in Goa and a bar in Hyderabad.
This will help Spice Lounge Food Works make more money and offer more exciting experiences.
They are also thinking about buying a big part of another company called Blackstone Management.
This is all happening because the leaders of Spice Lounge Food Works want their company to grow and be successful in new areas.
Spice Lounge Food Works' Board of Directors approved the acquisition of 100% stake in Rightfest Hospitality LLP.
The company is also evaluating a potential majority stake acquisition in Blackstone Management LLC.
Rightfest Hospitality LLP operates lifestyle venues including SALUD, Goa and XORA Bar & Kitchen, Hyderabad.
The acquisition aims to expand Spice Lounge Food Works into luxury hospitality and experiential entertainment.
Spice Lounge Food Works share price saw a 5% upper circuit on Tuesday, closing at ₹47.52 on the BSE.
- Who
- Spice Lounge Food Works' Board of Directors, with authorization given to Chairman Mohan Babu Karjela
- What
- Approved the acquisition of 100% stake in Rightfest Hospitality LLP and evaluated a potential majority stake acquisition in Blackstone Management LLC.
- When
- Board meeting held on October 28.
- Where
- Not specified, but expansion into luxury hospitality is the context.
- Why
- To expand into luxury hospitality, achieve horizontal business expansion, revenue growth, and tap into the premium nightlife and experiential entertainment sector.
- Acquisition Target 1
- Rightfest Hospitality LLP (100% stake)
- Acquisition Target 2
- Blackstone Management LLC (Majority stake evaluation)
- Meeting Date
- October 28
- Acquisition Completion Timeline
- Within 12 months from agreement execution
- Rightfest Hospitality Venues
- SALUD, Goa; XORA Bar & Kitchen, Hyderabad
- Spice Lounge Share Price (Previous Close)
- ₹47.52 (5% upper circuit on BSE)