Advent Hotels International Ltd

🏨 Advent Hotels Approves Major Asset Sale to Related Party Valor Estate

- Sale of 989,900 equity shares in Bamboo Hotel at ₹6,028.54 per share

- Total equity sale value: approximately ₹596.70 crores

- Assignment of existing loans to Bamboo Hotel: approximately ₹1,058.89 crores

- Valor Estate Limited is a related party within the same promoter group

- Transaction based on independent valuation and conducted at arm's length

- Bamboo Hotel had net worth of ₹79.23 crores in last financial year

- Transaction expected to complete within 60 days post-approvals