Mahindra Holidays to invest Rs.12-Cr more in adventure activities firm Rocksport

Publicly listed Mahindra Holidays & Resorts India Limited has agreed to purchase an additional 4,88,321 equity shares of Delhi-based Great Rocksport Private Limited ("Rocksport") in three instalments for a total cash consideration of INR 12 crore. Rocksport is engaged in the business of soft adventure based activities and learning programs. The turnover of Rocksport for FY21 was INR 11.61 crore. Mahindra Holidays already holds a 6.67% equity stake in Rocksport. The company's shareholding will go up to 23.42% after completion of the new investment.