Subsidiary of Ventive Hospitality secures INR 1,100 million Term Loan Facility from ICICI Bank
Eon-Hinjewadi Infrastructure Private Limited, a wholly owned subsidiary of Ventive Hospitality Limited, has secured a significant financial facility. The company agreed to avail a Term Loan Facility aggregating to INR 1,100 million from ICICI Bank Limited.The financing arrangement involves the subsidiary receiving the loan proceeds which are designated for a specific use. According to the details, the funds raised through the Term Loan Facility will be utilized entirely for the repayment of an existing Inter-Corporate Deposit (ICD) that was held by Eon-Hinjewadi Infrastructure Private Limited from Ventive Hospitality Limited, the Holding Company.
VENTIVE Stock Price Movement
Shares of Ventive Hospitality Limited closed slightly up in the market today, settling at ₹632.45 after gaining 0.28%. The equity traded within an intraday range from a low of ₹627.00 to a high of ₹649.95, with 9,974 shares recorded in volume.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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