Chalet Hotels Limited has informed the Exchange regarding 'Pursuant to the provisions of Regulation 30(9) of the Listing Regulations, this is to inform you that Mahananda Spa and Resorts Private Limited, a material Wholly Owned (unlisted) Subsidiary of the Company has acquired land admeasuring 18,848 square meters at Narendra Nagar in Uttarakhand, for a cash consideration of Rs.600 Mn.'.