Advent Hotels International Ltd

🏨 Advent Hotels Seeks Approval for ₹1,655 Crore Disinvestment & Loan Transfer

- Selling 989,800 equity shares (49% stake) in Bamboo Hotel and Global Centre (Delhi) Private Limited to Valor Estate Limited for ₹596.70 crores

- Transferring existing outstanding loans of ₹1,058.89 crores to Valor Estate Limited

- Total consideration receivable from Valor Estate Limited is ₹1,655.59 crores, which will be adjusted against the company's existing outstanding payable of ₹2,150.15 crores to Valor Estate