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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BRE Asia ICC Holdings Ltd, a promoter of Ventive Hospitality, has disclosed the creation of encumbrance on 25 April 2025 in connection with a USD 180 million term loan facility (USD 170.7 million drawn) availed by VH ML NQ Limited. The lenders are Barclays, Deutsche Bank, JPMorgan, and HSBC. While no direct pledge has been created on Ventive's shares, the parents of Promoter 1 have pledged 100% of their shares in BRE Asia ICC Holdings Ltd, and Promoter 1 has agreed to covenants encumbering all 52,104,896 shares (22.31%) it holds in Ventive. A second promoter entity, BREP Asia III India Holding Co VI Pte. Ltd., also has 23,465,150 shares (10.05%) encumbered via similar covenants. Total encumbered exposure covers roughly 32.36% of Ventive's share capital, valued at about Rs 5,597 crore at the April 25 VWAP of Rs 740.58. The loan is intended for shareholder/intercompany distributions and transaction costs, not for the benefit of Ventive.
For retail shareholders, this means nearly a third of Ventive's promoter-held shares now carry encumbrance obligations tied to a foreign-currency loan. While no shares are directly pledged, any default by the borrowing entity could trigger enforcement risk affecting the promoter group's stake, which is worth watching but does not immediately threaten the company itself since Ventive is not a party to the loan.