Ventive Hospitality Ltd

Ventive Hospitality Backs Subsidiary with $39.6M Guarantee 🏦

- Ventive Hospitality Ltd. approves corporate guarantee up to $39.6M for subsidiary Kudakurathu Island Resorts.

- $12M to be provided immediately; $27.6M pending shareholder approval via Postal Ballot.

- Credit facilities sanctioned by ICICI Bank Ltd.

- Interest rate: 3 Month SOFR + 240 bps (fixed margin for tenure).

- Tenure: 7 years from first disbursement.

- Arm's length transaction—no promoter/group company interest.

- Contingent liability for Ventive; no immediate impact unless subsidiary defaults.