Amendment in the Agreement pertaining to Subscription to Optionally Convertible Debentures (OCDs) of Soham Leisure Ventures Private Limited.
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Ventive Hospitality Ltd's board has approved an amendment to subscribe to additional Optionally Convertible Debentures (OCDs) worth Rs. 30 Crores in its subsidiary Soham Leisure Ventures Private Limited. The target company owns the Hilton Goa Resort and operates in the hospitality sector. The subscription is at face value of ₹100 per OCD and is structured as a cash consideration. This transaction qualifies as a related party transaction but is conducted at arm's length. Soham Leisure Ventures has a turnover of approximately Rs. 40.66 Crores for FY 2026 and has shown consistent revenue growth over the past three years.
This additional investment strengthens Ventive Hospitality's control over its subsidiary Soham Leisure Ventures, which owns the Hilton Goa Resort. The 76% shareholding position indicates significant consolidation of their hospitality assets. Shareholders may view this positively as it represents continued investment in the company's core hospitality business.