The Spice Lounge Food Works share price refused to slow down—even on a day the broader market struggled. While most stocks battled a weak sentiment, this hospitality player once again stole the spotlight, hitting its 5% upper circuit and keeping investors glued to its next big move.
And that move is bold: a full entry into luxury hospitality backed by key acquisitions, strategic alignment, and a reshaping of its business identity.
Market Performance: Spice Lounge Food Works Share Price Today
The stock opened steady and quickly picked up momentum.
- Opening Price: ₹53.50 (BSE)
- Intraday High: ₹54.99
- Intraday Low: ₹53.45
But the real story is in its long-term performance:
- 1 Week: +24.98%
- 1 Quarter: +44.67%
- 1 Year: +1038.51%
A 1000%+ rally in just one year makes this one of the most talked-about hospitality stocks in the market, especially during a broad stock market sell-off.
SLFWL Makes Its Move Into Luxury Hospitality
The turning point came on October 28, when the Board of Directors met to review and greenlight two major strategic decisions. This wasn’t a routine meeting—this was the start of a new chapter.
1. Acquisition of Rightfest Hospitality LLP (100% Stake)
The board approved the plan to acquire a 100% stake in Rightfest Hospitality LLP.
The completion timeline has been set for within one year of signing the agreements.
Rightfest operates some of the most vibrant lifestyle venues, including:
- SALUD, Goa
- XORA Bar & Kitchen, Hyderabad
These aren’t just restaurants—they are experiential spaces positioned in high-growth nightlife and entertainment hubs.
The company noted that this acquisition:
- Strengthens horizontal business expansion
- Opens up fresh revenue opportunities
- Pushes the company beyond traditional culinary operations
- Targets fast-growing upscale nightlife and experiential dining markets
To streamline the process, the board appointed Mohan Babu Karjela to lead and manage the entire acquisition journey alongside the designated committee.
2. Evaluation of a Potential Majority Stake in Blackstone Management LLC
Alongside the Rightfest acquisition, the company also initiated an evaluation for another major step.
The board authorised Chairman Mohan Babu Karjela to:
- Assess a potential majority stake acquisition in Blackstone Management LLC
- Negotiate terms
- Work closely with legal, financial, and strategic advisors
This exploration signals the company’s intent to build a diversified hospitality and entertainment ecosystem—spanning restaurants, nightlife, and lifestyle management.
Company Snapshot: Spice Lounge Food Works’ Expanding Identity
Behind the rising share price is a company actively reshaping its portfolio.
- Building a presence in luxury hospitality
- Acquiring established lifestyle venues
- Exploring management platforms with growth potential
- Strengthening its team through leadership-driven acquisitions
The intent is clear: to evolve from a culinary-focused brand to a multi-vertical experiential hospitality player.
Summary: A Stock Defying Market Sentiment With Bold Moves
Despite a soft market, Spice Lounge Food Works continues to draw attention as the company:
- Hits the 5% upper circuit
- Announces the 100% acquisition of Rightfest Hospitality LLP
- Evaluates a majority stake in Blackstone Management LLC
- Logs a massive 1038.51% 1-year rally
- Strengthens growth ambitions in nightlife, luxury dining, and entertainment
With its share price staying strong and strategic acquisitions reshaping its future, the company has firmly placed itself at the center of India’s evolving hospitality landscape.
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