Dreamfolks Approves INR 11.46 Cr Investment in Ten 11 Hospitality
Filing Summary
Dreamfolks Services Limited’s Board of Directors has approved an investment of up to INR 11.46 Crore in Ten 11 Hospitality LLP. This acquisition involves a 50.01% partnership stake, making Ten 11 Hospitality a subsidiary of Dreamfolks. The transaction will be completed through cash consideration, and no related party transactions are involved. Ten 11 Hospitality operates in the hospitality sector, focusing on premium lounges. The acquisition aims to enhance Dreamfolks’ railway lounge services. The completion of the acquisition is expected within 15 days, subject to standard procedures.
Dreamfolks Services Limited has announced that its Board of Directors approved an investment proposal on November 10, 2025. The company plans to invest up to INR 11.46 Crore in Ten 11 Hospitality LLP by acquiring a 50.01% partnership stake. This acquisition will result in Ten 11 Hospitality LLP becoming a subsidiary of Dreamfolks Services Limited.
The financial terms of the transaction involve a cash consideration of INR 11.46 Crore. The payment will be executed through online banking channels. The acquisition does not constitute a related party transaction, and there is no interest from the promoter group or related entities in Ten 11 Hospitality LLP. The transaction is structured to ensure compliance with regulatory requirements.
Ten 11 Hospitality LLP operates within the hospitality industry, specifically focusing on premium lounge services. The acquisition is intended to consolidate Dreamfolks’ value chain in its existing railway lounge service operations. By acquiring Ten 11 Hospitality, Dreamfolks aims to secure physical infrastructure and assets at key railway stations, enhancing its service offerings in the hospitality sector.
According to the filing, Ten 11 Hospitality LLP was incorporated on September 11, 2021. The entity has shown a turnover of INR 8.65 Crore for the fiscal year 2024-25, as per audited financial statements. The company has experienced growth over the past three years, with turnover figures of INR 2.14 Crore in 2023-24 and INR 59.87 Lakh in 2022-23. The acquisition aligns with Dreamfolks’ strategic objectives in the hospitality market.
The acquisition is expected to be completed within approximately 15 days, subject to standard procedural requirements. No governmental or regulatory approvals are required for this transaction, facilitating a swift completion process. The acquisition will be finalized following the necessary internal and external procedures.
Ten 11 Hospitality LLP is engaged in operating premium lounges, primarily in India. The company focuses on providing high-quality hospitality services, contributing to the enhancement of customer experiences in railway stations and other locations.
Dreamfolks Services Limited is a leading player in the travel and hospitality sector, specializing in providing lounge access and related services. The company focuses on expanding its service offerings and enhancing its value chain through strategic acquisitions and partnerships. Dreamfolks aims to strengthen its market position by integrating key service partners into its operations.