Announced Mon, 6 Jul · 19:23 IST
Subsidiary avails INR 1,100 mn term loan from ICICI Bank to repay ICD
VENTIVE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-2.8%1-day move
₹631.25
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-2.8-1.8-1.3-1.6-2.3-2.7-2.2———
Up moveDown movePending
AI summary
Ventive Hospitality's wholly owned subsidiary, Eon-Hinjewadi Infrastructure, has agreed to a term loan facility of INR 1,100 million (about 110 crore) from ICICI Bank. The proceeds will be used to repay an existing inter-corporate deposit the subsidiary had taken from the holding company. This is essentially a refinancing at the subsidiary level, replacing internal lending with formal bank debt.
Likely market impact
Neutral to marginally positive; subsidiary-level refinancing replaces internal ICD with bank debt, formalizing funding structure.