Image Source: Warren Tea
In a bold diversification strategy shift from plantations to tourism, Warren Tea Ltd has approved a possible consolidation with Maple Hotels & Resorts Ltd, in a bid to expand into the hospitality sector. The move, ratified during the company's board meeting on June 30, 2025, follows weeks of internal consideration and reflects Warren Tea's desire to capitalize on India's thriving tourism and hospitality industry.
Maple Hotels, Warren Tea's unlisted hotel arm, has five luxury hotels in Rajasthan operating under the Vesta Hotels & Resorts brand. The merger proposal seeks to leverage Warren's heritage brand value and Maple's tourism footprint to create a hybrid business across tourism and agro sectors.
A group of dedicated independent directors and senior management has been constituted to monitor the merger process. This has involved the appointment of valuers, merchant bankers, and legal advisers to make the deal fair and in the open.
Key Highlights:
Amalgamation Approved: Warren Tea to acquire Maple Hotels & Resorts
Strategic Rationale: Diversification in high-growth hotel industry
Maple's Portfolio: 5 hotels in Rajasthan under Vesta brand
Governance: Valuation and due diligence committee formed
Anticipated Benefits: Increased asset base, diversification of revenue, access of Maple to capital markets
If that is the case, then the merger would change Warren Tea's brand image—traditionally a heritage tea maker—to a diversified company with interests in India's hospitality renaissance.
Sources: Warren Tea Board Meeting Outcome, Finance Saathi, Moneycontrol
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