Intimation of Acquisition
DBREALTY · price
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Awaiting price reaction for this filing.
Valor Estate's board, at a meeting held on 5th March 2026, approved acquiring 49% equity (9,89,800 Class A shares) in Bamboo Hotel and Global Centre (Delhi) Private Limited from Advent Hotels International Limited for approximately Rs. 596.70 Crores (around Rs. 60,228 per share). In addition, the company will take on assignment of a loan of about Rs. 1,058.89 crores that Advent Hotels had extended to Bamboo Hotel. The board also approved two corporate guarantees of up to Rs. 110 crores each — one by Valor Estate for its wholly-owned subsidiary DB View Infracon, and a reciprocal guarantee by DB View for the company. All three transactions are with related parties (promoter group and wholly-owned subsidiary) and are at arm's length, subject to shareholder approval within 60 days.
Post-acquisition, Valor Estate will become a 49% shareholder in Bamboo Hotel, marking a diversification into the hospitality business. The deal and guarantees are related-party transactions requiring shareholder nod, and the stock may see movement based on investor views on the hospitality entry and the deal valuation.