Advent Hotels Board Approves Sale of Bamboo Hotels Shares for ₹596.70 Cr
Advent Hotels approved the sale of Bamboo Hotels shares for ₹596.70 Cr and assignment of ₹1058.89 Cr loans to related party Valor Estate Ltd. Transaction subject to shareholder approval, completion expected within 60 days. Bamboo Hotels net worth is ₹79.23 Cr.
The sale of shares and assignment of substantial loans to a related party represents a significant corporate action that could impact the company's structure and financial dealings. The value of the transaction is material.
The announcement details a significant related party transaction involving the sale of shares and assignment of loans. While the transaction is approved by the board, it is subject to shareholder approval and the financial impact is neutral as it involves settlement of existing payables. The valuation is at arm's length.
Advent Hotels International Limited announced the outcome of its Board Meeting held on March 5, 2026. The Board has approved the sale of shares of Bamboo Hotel and Global Centre (Delhi) Private Limited (Bamboo Hotels) along with the assignment of granted loans to Valor Estate Limited. This transaction is subject to shareholder approval.
The sale involves 9,89,900 equity shares of Class A of Bamboo Hotel for a consideration of approximately ₹596.70 Crores. Additionally, the company proposes to assign existing outstanding loans granted to Bamboo Hotel, aggregating to approximately ₹1058.89 Crores, to Valor Estate Limited. The consideration receivable will be settled against existing payables to the Buyer.
Valor Estate Limited is identified as a listed related party of Advent Hotels International Limited, with common promoter/promoter group. The transaction has been undertaken at an arm's length price, based on a valuation report from an independent registered valuer, and falls within related party transactions. The net worth contributed by Bamboo Hotels is ₹79.23 Crores, with Nil turnover. The transaction is expected to be completed within 60 days of receiving necessary approvals from shareholders and lenders, unless mutually extended.
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Advent Hotels International Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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