UVS Hospitality acquires 51% Stake in Calcio Restaurants via Share Swap and Capital Raise

UVS Hospitality and Services Limited (formerly Thirdwave Financial Intermediaries Ltd) announced a transformative strategic move on February 14, 2026, following a Board of Directors meeting. The board approved the acquisition of up to 51% stake in Calcio Restaurants Private Limited through a share swap, alongside fresh capital raises via preferential equity issuance and convertible warrants, signaling a bold diversification into the hospitality and restaurant business.

Acquisition of Controlling Stake in Calcio Restaurants

In a key decision, the board greenlit the purchase of up to 5,15,100 equity shares-representing 51% of the paid-up equity share capital-of Calcio Restaurants Private Limited. This will be executed via a share swap, where UVS Hospitality issues up to 43,62,855 equity shares of face value ₹10 each at an issue price of ₹100 (including a ₹90 premium) to Calcio's existing shareholders. Post-acquisition, Calcio will become a subsidiary of UVS Hospitality.

Calcio Restaurants Private Limited (CIN: U51909MH2020PTC347025), incorporated on September 30, 2020, operates in the hotels and restaurants sector with its registered office at Office No. 917, B Wing, CTS No. 1/222A, Samartha Aishwarya, High Land Park, Oshiwara, Andheri West, Mumbai-400053. The company has demonstrated rapid revenue growth: ₹52.03 crore in FY24-25, ₹27.84 crore in FY23-24, and ₹10.26 crore in FY22-23. This acquisition aims to consolidate operations, optimize resources, enhance strategic value, improve operational efficiency, and unlock growth synergies for stakeholders.

Fresh Equity Issuance for Growth Capital

To fuel expansion, the board approved raising up to ₹15.83 crore through the preferential allotment of up to 15,83,000 equity shares of face value ₹10 each at ₹100 per share (₹90 premium). Targeted at the non-promoter category, this cash infusion aligns with all regulations.

Convertible Warrants for Additional Funding

Complementing the equity raise, the board cleared the issuance of up to 31,65,000 convertible warrants of face value ₹10 each at ₹100 per warrant (₹90 premium), aggregating up to ₹31.65 crore. Also aimed at non-promoters and payable in cash, this provides flexible capital while adhering to the same regulatory framework.

All proposals are subject to shareholder approval, regulatory clearances, and other statutory requirements.

This multifaceted strategy positions UVS Hospitality to integrate Calcio's established restaurant operations, strengthen its balance sheet, and pursue long-term value creation in the competitive hospitality landscape.

Shares of UVS Hospitality and Services Limited (formerly Thirdwave Financial Intermediaries Ltd) was last trading in BSE at Rs. 118.75 as compared to the previous close of Rs. 111.90. The total number of shares traded during the day was 341 in over 17 trades.

The stock hit an intraday high of Rs. 133.00 and intraday low of 114.95. The net turnover during the day was Rs. 40225.00.

Source : Equity Bulls

Keywords

UVSHospitalityandServices INE528C01018 StrategicAcquisition CalcioRestaurants ShareSwap FundRaising