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Della Adventure and Resorts Pvt Ltd raises Rs 208 crores to fuel future hospitality growth plans

Mumbai (Maharashtra) [India], February 27 (ANI/PRNewswire): Della Adventure and Resorts Pvt. Ltd, which owns and manages the popular Della Resorts and Della Adventure Park in Lonavala, has raised Rs 208 crores in non-convertible debentures (NCDs) which are to be utilized to part-refinance debt, while giving impetus to the expansion endeavours of the group's hospitality arm. The financing was led by Nomura, a global financial services group. A wholly-owned subsidiary of the Della Group, Della Resorts is valued at Rs 660 crores as per a valuation done by Mandeep Lamba, President South Asia and his team of hospitality consultants HVS Anarock. Jimmy Mistry, Chairman and Managing Director, Della Group has said, "The proceeds from the NCDs will be utilised partly to refinance existing debt and towards the expansion strategy of our hospitality arm. Della Resorts will soon foray into increasing its current inventory while transforming into a 300-key resort Singapore-based Vishal Sharm

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