Advent Hotels to acquire 100% preference shares in subsidiary BDP for ₹10.95 Cr
Advent Hotels will acquire 10,95,000 preference shares in subsidiary BDP for ₹10.95 Crore. This facilitates NCD security issuance and streamlines pledging. BDP reported ₹102.37 Crore revenue in FY26. The acquisition is expected within 30 days.
The acquisition involves a subsidiary and is primarily for facilitating financing arrangements. While it strengthens the company's control and operational flexibility, the direct financial impact on the parent company's immediate financials might be moderate.
The acquisition of the remaining preference shares in a subsidiary is a strategic move to facilitate financing and streamline security creation, which is generally viewed positively for corporate growth and operational efficiency.
Advent Hotels International Limited has announced the approval by its Board of Directors for the acquisition of the entire 10,95,000 9% Non-Cumulative Redeemable Preference Shares of BD and P Hotels (India) Private Limited (“BDP”), a subsidiary. The face value of each preference share is ₹100, making the total consideration approximately ₹10,95,00,000 (₹10.95 Crore).
This acquisition is part of a plan to facilitate the creation of security for senior, secured, interest-bearing, redeemable non-convertible debentures (NCDs) that will be issued by its subsidiaries, Goan Hotels & Realty Private Limited and BD & P Hotels (India) Private Limited. The company already holds 75% equity shares in BDP and will now hold 100% of the preference shares post-acquisition. This move is intended to streamline the security creation process by avoiding the need for multiple preference shareholders to individually execute pledge documentation.
The acquisition is considered a related party transaction, as the promoter/promoter group has an interest in the preference shares of BDP. However, the transaction is being conducted at an arm's length. BDP, incorporated on April 25, 1997, operates in the Hotel and Hospitality business and reported a turnover of ₹102,36,74,576 in FY 2025-26.
The acquisition is expected to be completed within 30 days from the approval date, or such other period as mutually agreed upon. No governmental or regulatory approvals are required for this acquisition.
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Advent Hotels International Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. 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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See the model portfoliosA plain-language summary of a public exchange filing by Advent Hotels International Limited. Read the original for the full detail.