Advent Hotels International Limited has informed the Exchange regarding Outcome of Board Meeting held on March 05, 2026.
ADVENTHTL · price
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Advent Hotels International's board on March 5, 2026 approved seeking shareholder approval for a material related party transaction to sell its 9,89,900 Class A equity shares in Bamboo Hotel and Global Centre (Delhi) Private Limited to Valor Estate Limited at Rs. 6,028.54 per share, totalling about Rs. 596.70 Crores. Additionally, the company will assign outstanding loans of approximately Rs. 1,058.89 Crores given to Bamboo Hotel to the buyer. The total transaction value is roughly Rs. 1,655.59 Crores, and the consideration will be adjusted against existing payables owed to Valor Estate. Bamboo Hotel's net worth stands at Rs. 79.23 Crores. Valor Estate is a listed related party with common promoters, and the deal is priced at arm's length based on an independent valuer's report.
This is a large related party transaction (combined value ~Rs. 1,655 Crores) that will require shareholder approval. Since the consideration is settled by adjusting existing payables to Valor Estate rather than fresh cash inflow, the net cash impact may be limited, but it materially reshapes the company's asset base by exiting Bamboo Hotel and unwinding intercompany loans.