Material information about the Scheme of Amalgamation and Arrangement- Allotment of Shares by Advent Hotels International Limited pursuant to the Composite Scheme of Amalgamation and Arrangement
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Advent Hotels International Limited (the Resulting Company) has allotted 5,39,42,887 equity shares of ₹10 each to the equity shareholders of Valor Estate Limited (formerly DB Realty) as per the record date of 18 July 2025, under a Composite Scheme of Amalgamation and Arrangement. Additionally, 71,75,574 unlisted preference shares of ₹10 each have been allotted to VEL's preference shareholders. VEL's preference share capital was reduced by 10% without consideration, taking it from ₹71.76 crore down to ₹64.58 crore. The pre-scheme equity capital of Advent Hotels (held by VEL) stands cancelled, and Advent Hotels will now apply to the stock exchanges to list its new equity shares, which will remain frozen until trading approval is received.
This marks the effective implementation of a demerger scheme — VEL shareholders now hold shares in Advent Hotels International Limited, the newly listed entity housing the demerged business. Existing VEL shareholders should expect to receive Advent Hotels shares in their demat accounts once listing approval is granted, while the preference share capital reduction marginally affects preference shareholders' holdings.