Advent Hotels International Limited has informed the Exchange regarding Outcome of Board Meeting held on March 05, 2026.
ADVENTHTL · price
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The board of Advent Hotels International, meeting on March 5, 2026, approved seeking shareholder approval to sell its stake in Bamboo Hotel and Global Centre (Delhi) Private Limited to Valor Estate Limited, a listed related party with common promoters. The transaction involves selling 9,89,900 Class A equity shares at Rs. 6,028.54 per share, totalling approximately Rs. 596.70 Crores, along with assigning outstanding loans of around Rs. 1,058.89 Crores given to Bamboo Hotel. Bamboo Hotel had nil turnover in the last financial year with a net worth of Rs. 79.23 Crores. The transaction is a related party deal, priced at arm's length based on an independent valuer's report, and is expected to complete within 60 days subject to shareholder and lender approvals. The consideration receivable will be adjusted against existing payables owed to Valor Estate.
This is a material related party transaction that requires shareholder approval and could meaningfully reshape Advent Hotels' asset base. Since the sale consideration will be adjusted against existing dues from Valor Estate rather than paid in cash, the net cash impact may be limited, but it consolidates exposure within the promoter group.