Brigade Enterprises Limited has informed the Exchange about Intimation under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015
BRIGADE · price
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Awaiting price reaction for this filing.
Brigade Enterprises has sold a proportionate share of land measuring 6,534 square yards (about 1.35 acres) located in Kokapet, Gandipet mandal, Ranga Reddy District, Telangana to its subsidiary Brigade Hotel Ventures Limited (BHVL) for ₹110.14 Crores. The transaction was completed via a sale deed dated September 26, 2025. This land transfer was one of the stated objects of BHVL's recent Initial Public Offering, meaning it was a planned pre-IPO asset allocation from the parent to the hotel subsidiary. The disclosure is filed under SEBI LODR Regulation 30.
This is a related-party/inter-corporate transaction, so it is largely internal restructuring rather than a third-party deal. Brigade Enterprises shareholders effectively see a prime Kokapet land parcel move from the parent to the separately-listed hotel subsidiary at a stated value of ₹110.14 Cr, with no major change expected at the consolidated level. The price and use of proceeds should be watched for fairness, but it appears to be on the planned path for BHVL's IPO structure.