IBL Ltd (MUSE:IBLL.N0000) made an unconditional offer to acquire remaining 50.72% stake in Lux Island Resorts Ltd (MUSE:NRL.N0000) for MUR 5 billion on February 12, 2018. IBL Ltd will offer MUR 71.5 for each Lux Island Resorts Ltd share. BDO & Co.

Financial Advisory Arm acted as financial advisor to IBL Ltd.