Advent Hotels to acquire remaining 25% in BD&P Hotels for Rs 40 cr
ADVENTHTL · price
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On the reaction day the stock moved in line with Nifty Microcap 250 and 0.6 pts more than its Hotels & Resorts peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Advent Hotels International's board approved buying the remaining 25% stake in BD&P Hotels (India) Pvt Ltd, which runs the 171-room Hilton Mumbai International Airport hotel. Deal value is Rs 40 crore for 70,89,775 equity shares. BD&P is currently a 75% subsidiary and will become wholly owned after the deal. BD&P turnover rose to Rs 102.37 cr in FY26 from Rs 98.53 cr in FY25. Not a related party transaction. Target completion by June 30, 2027.
Consolidates full ownership of a growing hotel asset. Rs 40 cr cash outflow; simplifies control and future earnings, generally positive for shareholders.