Hot Pursuit     02-Mar-23
Dreamfolks to acquire 60% stake in Vidsur Golf for Rs 1.5 crore
Dreamfolks Services said that its board has approved the proposal to acquire 60% equity shares of Vidsur Golf for an aggregate cash consideration of Rs 1.50 crore.

Vidsur Golf is an aggregator which ties up golf clubs directly or indirectly including through master aggregators and offers the golf course game and lesson access to its clients which are primarily network providers and card issuers for their end users. Vidsur aims at to bring golf to a wider audience by creating a unique link between golf courses, golfers & corporates.

Currently, Vidsur is rapidly expanding the customized golf programs for clients in lndia by offering benefits at the best golf clubs, backed by an innovative software and the best commercial rates. Vidsur had recorded a turnover of Rs 38.13 lakh in FY 2021-22.

Dreamfolks Services is making the said acquisition for business expansion purposes. It expects to complete this transaction within a period of 25 days.

Upon completion of such acquisition Vidsur will become a subsidiary of the company.

At the same meeting, the board of directors of the company has also approved the proposal for incorporation of a subsidiary company in Singapore and authorized Liberatha Peter Kallat, chairperson & managing director, and Giya Diwaan, chief financial officer, of the company to do all the necessary acts for the same.

Dreamfolks Services is India's largest airport service aggregator platform facilitating an enhanced airport experience to passengers leveraging a technology driven platform.

The company's consolidated net profit surged to Rs 18.98 crore in the quarter ended December 2022 from Rs 6.16 crore during the previous quarter ended December 2021. Sales jumped to Rs 204 crore in Q3 FY23 from Rs 98.31 crore in Q3 FY22.

The scrip rose 0.81% to currently trade at Rs 440 on the BSE.

Previous News
  Dreamfolks Services
 ( Results - Analysis 09-Aug-23   23:00 )
  Dreamfolks Services slips as PAT slides 29% YoY in Q4 FY24
 ( Hot Pursuit - 28-May-24   15:21 )
  Dreamfolks Services consolidated net profit declines 28.80% in the March 2024 quarter
 ( Results - Announcements 28-May-24   14:13 )
  Dreamfolks Services records PAT of Rs 13 crore in Q1 FY23
 ( Hot Pursuit - 06-Sep-22   12:47 )
  Board of Dreamfolks Services recommends Interim Dividend
 ( Corporate News - 10-Aug-23   11:19 )
  Dreamfolks Services to hold board meeting
 ( Corporate News - 29-Oct-22   12:28 )
  Dreamfolks Services consolidated net profit declines 3.27% in the June 2023 quarter
 ( Results - Announcements 09-Aug-23   17:06 )
  DreamFolks partners with RedBeryl
 ( Corporate News - 18-Apr-24   09:03 )
  Dreamfolks Services EGM scheduled
 ( Corporate News - 09-Nov-22   13:59 )
  Dreamfolks Services spurts on debut
 ( Hot Pursuit - 06-Sep-22   10:24 )
  Dreamfolks Services
 ( Results - Analysis 23-May-23   23:47 )
Other Stories
  Krebs Biochemicals & Industries Ltd leads gainers in 'B' group
  08-Jul-24   12:16
  Nykaa expects revenue growth around 22 to 23% YoY in Q1 FY25
  08-Jul-24   12:05
  Kiri Industries Ltd leads gainers in 'A' group
  08-Jul-24   12:01
  PEL drops following chairman & MD Rupen Patel's death
  08-Jul-24   11:42
  Larsen & Toubro bags 'mega' orders for its renewables portfolio
  08-Jul-24   11:32
  AU SFB reports gross advances of Rs 90,700 crore for Q1 FY25; deposits at Rs 97,290 crore
  08-Jul-24   11:19
  Dabur India spurts on expecting mid to high digit revenue growth in Q1
  08-Jul-24   11:15
  Signatureglobal hits record high after pre-sales soars to Rs 3,120 cr in Q1 FY25
  08-Jul-24   11:10
  Volumes spurt at Godrej Industries Ltd counter
  08-Jul-24   11:00
  Titan revenue rises 9% YoY, adds 61 stores in Q1
  08-Jul-24   10:41
Back Top