The Exchange has received the Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 on April ....
VENTIVE · price
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On the reaction day the stock moved 0.2 pts less than Nifty Microcap 250 and 0.4 pts less than its Hotels & Resorts peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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On April 25, 2025, the promoters of Ventive Hospitality Limited created encumbrance over shares totalling roughly 32.36% of the company's share capital to secure a USD 180 million term loan facility (about USD 170.7 million drawn) availed by VH ML NQ Limited. Two promoter entities — BRE Asia ICC Holdings Ltd (5.21 crore shares, 22.31%) and BREP Asia III India Holding Co VI Pte. Ltd (2.35 crore shares, 10.05%) — have encumbered 100% of their respective holdings in the company. The encumbrance is held in favour of Deutsche Bank AG, Singapore Branch acting as security agent for lenders including Barclays, Deutsche Bank, JPMorgan, and HSBC. The proceeds are intended for distributions or intercompany loans to the promoter parents and payment of transaction costs. The security cover ratio on the encumbered shares is 3.83x, based on a VWAP of Rs. 740.58 per share.
No change in actual shareholding — this is a debt-funded transaction by the (Blackstone-backed) promoter group, not a stake sale, so day-to-day operations and minority shareholders are not directly affected. However, 100% of the relevant promoter entities' stakes are now encumbered, introducing margin-call risk if the stock price falls sharply, which investors should monitor.