<h1>Advent Hotels International Acquires Preference Shares of BDP to Streamline Security Creation</h1>
The Board of Directors of Advent Hotels International Ltd approved a transaction aimed at consolidating ownership within its subsidiary, BD and P Hotels (India) Private Limited ('BDP'). The company decided to acquire the entire preference shareholding of BDP from existing preference shareholders.
The acquisition involves 10,95,000 nine percent Non-Cumulative Redeemable Preference Shares of BDP, each having a face value of Rs. 100. The transaction carries an approximate consideration of Rs. 10,95,00,000 and is set to be completed within 30 days or by such a period extended with the mutual consent of both parties.
This acquisition will allow Advent Hotels International Ltd to achieve complete preference holding in BDP, as the company currently holds 75% equity shares in the entity, making it a subsidiary. The purchase of these shares has been identified as a related party transaction, conducted at arm's length, where the promoter/promoter group of the Company holds an interest in the preference shares of BDP.
The primary objective of acquiring the preference shares is to facilitate the creation of security for senior, secured, interest-bearing, redeemable non-convertible debentures (NCDs). The company's subsidiaries, Goan Hotels & Realty Private Limited and BD & P Hotels (India) Private Limited, plan to issue these NCDs. By acquiring the preference shares, Advent Hotels International Ltd intends to create a pledge over the shares in favour of the lender, thereby streamlining the security creation process and eliminating the need for multiple preference shareholders to individually execute documentation.
Financial Overview of BD and P Hotels (India) Private Limited
BD and P Hotels (India) Private Limited was incorporated on April 25, 1997, and operates in the Hotel and Hospitality Business. The company's financial performance over the last three years demonstrates growing revenue from operations.The following table provides details regarding BDP's capital structure and operational turnover:
| Metric | Details |
|---|---|
| Authorized Capital | Rs. 45,00,00,000/- (3,00,00,000 equity shares of Rs. 10 each and 1,50,00,000 nine percent Non-Cumulative Redeemable Preference Shares of Rs. 10/- each) |
| Paid Up Capital | Rs. 39,30,91,000/-(2,83,59,100 equity shares of Rs. 10/- each and 10,95,000 nine percent Non-Cumulative Redeemable Preference Shares of Rs. 100/- each) |
| Business Sector | Hotel and Hospitality Business |
| Turnover (FY 2023-24) | Rs. 79,57,20,052 |
| Turnover (FY 2024-25) | Rs. 98,52,74,448 |
| Turnover (As on March 31, 2026) | Rs. 102,36,74,576 |
The acquisition aims to secure the necessary holding structure for collateral creation before proceeding with the issuance of NCDs in favour of a lender.
ADVENTHTL Stock Price Movement
Shares of Advent Hotels International Limited shed 2.71% today, settling at ₹138.14 in after-hours trading. The stock fluctuated throughout the session, finding a low of ₹137.02 and peaking at ₹144.95 intraday.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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