| Decision | Consent granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 05 June 2026 |
| Pathway | Primary Consent (Significant business asset) |
| Investment | Arunodaya Pte Limited: Acquisition of up to 38% of shares in Hind Properties Limited (NZCN 8141433) Sambhav International Ltd: acquisition of up to 32%, of shares in Hind Properties Limited (NZCN 8141433) |
| Consideration | Approximately $124,020,000 |
| Applicants | Arunodaya Pte Limited Singapore 100% Sambhav International Limited Hong Kong 100% |
| Vendors | Vijay Investments Limited Mauritius 100% Bullfinch Holdings Limited Mauritius 100% |
| Background | The Applicants are beneficially owned by two parts of the same family. The transaction is part of the restructuring of a number of related companies. The Applicants' companies are purchasing the Vendors’ interests in Hind Properties Limited, the holding company for the Sudima hospitality group. The Vendors will then be disestablished, and the Applicants will hold their interests in Hind Properties directly. Sudima owns and/or operates eight hotels across New Zealand, in Auckland, Rotorua, Kaikoura, Christchurch, and Queenstown. Sudima also owns and/or operates, a range of restaurants and health spas, and owns a warehouse and other property in Auckland. Consent was granted as the National Interest test was met. |
| More information | Alan Lear Barrister alan.lear@antitrust.co.nz |