Announced Wed, 1 Jul · 20:10 IST
Advent Hotels to acquire preference shares in subsidiary BDP for Rs 10.95 cr
ADVENTHTL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.3%1-day move
₹138.00
prior close
₹138.65
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.1+0.3+0.5+0.8+2.3+10.1+6.5+3.4+4.3+10.6+4.9———
Up moveDown movePending
AI summary
Board approved acquiring 10,95,000 9 percent Non-Cumulative Redeemable Preference Shares of subsidiary BD and P Hotels (India) Private Limited at Rs 100 each, totaling about Rs 10.95 crore. BDP runs hotel and hospitality business, FY26 revenue Rs 102.37 crore. Company already holds 75 percent equity in BDP. Related party transaction done at arm's length. Move helps create security for NCDs being issued by subsidiaries.
Likely market impact
Consolidates preference holding in subsidiary BDP to secure NCD issuance. BDP was already a subsidiary, so limited equity or control change.