Brigade Hotel Ventures Limited has informed the Exchange about Disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
BRIGHOTEL · price
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Awaiting price reaction for this filing.
Brigade Hotel Ventures has purchased 6,534 square yards (about 1.35 acres) of land in Kokapet, Hyderabad (Telangana) from its holding company, Brigade Enterprises Limited, for ₹110.14 Crores. The transaction was completed on September 26, 2025. The company says this land purchase was one of the specific purposes for which it raised money through its recent IPO. Since the seller is the parent company, this is a related-party deal and was disclosed to the stock exchanges as required under SEBI rules.
This is a routine deployment of IPO proceeds towards a stated objective, which should be seen positively as it shows the company is executing its business plan on time. Being a related-party transaction, minority shareholders and analysts will watch for fairness of the deal price, though it does not directly affect earnings in the short term.