Promoters pledge full shareholding in Ventive Hospitality to secure USD 180M loan
VENTIVE · price
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Promoters of Ventive Hospitality have pledged their entire stake in the company, covering about 32.36 percent of total share capital (7.55 crore shares). The pledge secures a USD 180 million term loan availed by group entity VH ML NQ Limited from Barclays, Deutsche Bank, JPMorgan and HSBC. Loan proceeds will fund shareholder and intercompany loans to promoter parent entities and cover transaction costs. Promoter shareholding remains unchanged.
Full promoter pledge signals group-level leverage and encumbrance risk. Margin call possibility could pressure stock. Promoter control remains unchanged.