Della Adventure and Resorts, the company behind the popular Della Resorts and Della Adventure Park in Lonavala, India, has secured a significant amount of funding through the issuance of non-convertible debentures (NCDs).
The financing, led by the global financial services group Nomura, has raised INR 208 crores, which will be used in part to refinance existing debt and support the expansion efforts of the company’s hospitality arm, according to a press release.
The Della Group, of which Della Resorts is a subsidiary, has been valued at INR 660 crores, as per a recent valuation carried out by hospitality consultants HVS Anarock. The company is looking to expand its current inventory and transform into a 300-key resort.
Commenting on the funding, Jimmy Mistry, Chairman and Managing Director of the Della Group, said, “We are pleased to have secured this funding, which will help us to achieve our goals of expanding our hospitality arm and providing a world-class resort experience to our guests.”
Singapore-based Vishal Sharma of Nomura, who led the transaction, expressed excitement about the partnership and noted that Nomura is invested in India and continues to evaluate investment opportunities in the country.
The transaction was advised by Alpha Investment Capital, a Dubai-based financial and business consultancy, and overseen by legal experts Satish Kishandani of Pioneer Legal and Rituparno Bhattacharya of TT&A.
The successful funding round marks a significant milestone for Della Adventure and Resorts. It sets the stage for the company to grow its presence in the hospitality industry and provide exceptional experiences for its guests.