Valor Estate Limited has informed the Exchange that Record date for the purpose of Allotment of shares under Composite Scheme of Amalgamation and Arrangement is 18-Jul-2025.
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Valor Estate Limited (formerly D B Realty) has fixed Friday, 18 July 2025 as the Record Date to identify shareholders eligible to receive shares under its Composite Scheme of Amalgamation and Arrangement. Under the sanctioned scheme involving Valor Estate, Esteem Properties, and Advent Hotels International, shareholders of Valor Estate will receive 1 fully paid-up equity share of Rs. 10 of the Resulting Company (Advent Hotels International) for every 10 equity shares of Rs. 10 held in Valor Estate. The shares of the Resulting Company are proposed to be listed on BSE and NSE, subject to regulatory approvals. Shareholders holding Valor Estate shares as on the Record Date will be entitled to the new shares of Advent Hotels International.
Existing Valor Estate shareholders will receive shares in Advent Hotels International (the resulting company) in addition to their existing holdings. This is a value-unlock event where a part of the business is being hived off into a separate listed entity, which could be positive for shareholders if the new entity performs well post-listing. Share price may see activity around the record date.