Spice Lounge Enters Luxury Hospitality with Rightfest Acquisition

In a bold move to diversify its portfolio, Spice Lounge Food Works Ltd (BSE: 539895) has approved the acquisition of 100% equity in Rightfest Hospitality LLP. The decision was finalized during the board meeting held on October 28, 2025, and aligns with the company’s ambition to expand into luxury hospitality and experiential entertainment.

Rightfest, founded in 2022, operates upscale venues such as SALUD in Goa and XORA in Hyderabad, with a new concept restaurant, Sasya, in the pipeline. The acquisition is expected to be completed within 12 months and is classified as a related-party transaction.

Key Highlights:

- Notable Update: Spice Lounge will gain full control of Rightfest Hospitality, a rising player in India’s nightlife and fine-dining scene.

- Major Takeaway: Rightfest is projected to generate ₹42 crore in revenue by FY25, adding significant value to Spice Lounge’s top line.

- Important Point: The board also authorized Chairman Mohan Babu Karjela to explore acquiring a majority stake in Blackstone Management LLC.

- Market Context: Spice Lounge shares have surged over 3,900% in five years, with a recent 5% upper circuit at ₹47.52 on the BSE.

Sources: Livemint, Rediff MoneyWiz, ScanX News.