Curation Team
NEW DELHI: Mahindra Holidays & Resorts India (MHRIL), through its Finnish arm Holiday Club Resorts Oy (HCR), has acquired 100% stake in Keskinäinen Kiinteistö Oy Salla Star (KKOSS), a mutual real estate company based in Finland, for ₹2.35 crore.
The all-cash deal gives MHRIL full ownership of KKOSS, which owns a land parcel and a building in the village of Märkäjärvi, in the municipality of Salla.
The move comes more than a decade after HCR began leasing the property in 2012. The acquisition aligns with a pre-agreed share purchase arrangement allowing HCR to take control of the asset.
The acquired company posted a turnover of ₹5.13 lakh and had a net worth of ₹2.37 lakh as of December 31, 2024. With this acquisition, Mahindra Holidays strengthens its real estate footprint in Finland, where it has maintained an active presence through its European subsidiary.
