Advent Hotels Inter.

Advent Hotels International's board approved a share purchase agreement to acquire the remaining 25% equity stake, comprising 70,89,775 shares, in BD And P Hotels (India) for Rs40 crore in cash. Upon completion, scheduled on or before 30 June 2027, BD And P Hotels was to become a wholly owned subsidiary. BD And P Hotels owned and operated the 171-key Hilton Mumbai International Airport at Andheri East and reported turnover of Rs102.36 crore for the year ended March 2026. Advent held a 75% interest in the company, while its other owned hotel was the 313-key Grand Hyatt Goa held through Goan Hotels & Realty, which reported turnover of Rs285.6 crore in the same year. Consolidated revenue was Rs387.6 crore in the year to March, with on-balance-sheet financial liabilities of Rs2,694 crore against equity of Rs1,022 crore.

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Advent Hotels International released a pledge over 10,90,529 shares held by promoter-group member Aseela Vinod Goenka after MIG (Bandra) Realtors & Builders repaid an HDFC facility. The shares represented 2.02% of Advent’s share capital and 67.71% of Goenka’s holding, leaving no encumbered shares in her name. The pledge had been carried over from shares in Valor Estate under the composite demerger scheme. Promoter-group shares representing 5.90% of Advent’s capital were also released in August after repayment of the same facility, while 1.85% remained encumbered in another group account.

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The pledge over 31,80,433 Advent Hotels International shares held by promoter-group entity Neelkamal Tower Construction LLP was released after MIG (Bandra) Realtors & Builders fully repaid a facility from HDFC. The shares represented 5.90% of the company's total share capital, reducing Neelkamal's encumbered holding from 41,80,433 shares to 10,00,000 shares, or 1.85% of total capital. The pledge had secured borrowing raised by MIG, a wholly owned subsidiary of Valor Estate, and was extended to Advent Hotels shares issued under the group's composite demerger scheme. Advent Hotels' hospitality business was separated from Valor Estate in a demerger that became effective in July 2025. Consolidated revenue from operations was about ₹387.6 crore in FY26, while Q1 FY27 revenue from operations was ₹80.5 crore.

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** Shares of India's Advent Hotels International ADVO.NS rise 8.9% to 153 rupees, set for highest intraday rise since April 2026

** Co said on Friday that Prestige Estates Projects PREG.NS would acquire 50% equity share in Advent Convention and Hotels International, a unit of ADVO

** Prestige to invest 5.04 bln rupees ($52.91 million) for transaction

** More than 375,000 shares traded by 9:30 a.m. IST vs 30-day avg of 206,000 shares

** Stock down 31.6% YTD

($1 = 95.2500 Indian rupees)

(Reporting by Abhirami G in Bengaluru)

(([email protected]))

Advent Hotels International and its wholly‑owned subsidiary ACHIL have signed a definitive investment agreement with Prestige Estates Projects on 3 July 2026, under which Prestige will acquire a 50 per cent equity stake in ACHIL for ₹504 crore. The deal executes a framework agreement first disclosed in May 2025, after the Sahar land parcel was demerged from Valor Estate and transferred to ACHIL as the designated special‑purpose vehicle. Consequent to the transaction, ACHIL will cease to be a wholly‑owned subsidiary and become a 50:50 joint venture between Advent Hotels and Prestige Estates. The agreement is subject to customary terms and conditions, and the capital infusion is expected to fund the commercial development of the 21,978‑square‑metre plot.

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July 3 (Reuters) - Advent Hotels International Ltd ADVO.NS:

• EXECUTES INVESTMENT AGREEMENT WITH PRESTIGE ESTATES ON JULY 3, 2026

• PRESTIGE ESTATES TO BUY 50% STAKE IN ACHIL FOR 5.04 BILLION RUPEES

Source text: ID:nBSE3jz3q2

Further company coverage: ADVO.NS

(([email protected];))

March 5 (Reuters) - Advent Hotels International Ltd ADVO.NS:

• ADVENT HOTELS INTERNATIONAL - TO SEEK SHAREHOLDER NOD FOR SALE OF BAMBOO HOTELS SHARES TO VALOR ESTATE

Source text: ID:nBSE1hWtmB

Further company coverage: ADVO.NS

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