Announced Wed, 1 Jul · 20:00 IST
Board approves acquiring preference shares in subsidiary BDP for Rs 10.95 cr
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ADVENTHTL · price
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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———
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AI summary
Board approved acquiring 10.95 lakh 9 percent Non-Cumulative Redeemable Preference Shares of subsidiary BD and P Hotels (BDP) at Rs 100 each, totaling about Rs 10.95 crore. BDP is already a 75 percent equity subsidiary with FY26 revenue of Rs 102.37 crore. Transaction is a related party deal done at arm's length. Aim: to pledge these shares as security for NCDs being raised by subsidiaries. Shareholders had approved this earlier via March 2026 special resolution.
Likely market impact
Subsidiary preference holding rises to 100 percent, enabling NCD security pledge. Related party deal at arm's length.