Key Quantitative Figures

  • Number of shares acquired: 10,95,000 9% Non-Cumulative Redeemable Preference Shares
  • Face value per share: ₹100
  • Total consideration: ₹10,95,00,000 (approximately)
  • BDP's authorized capital: ₹45,00,00,000 divided into 3,00,00,000 equity shares of ₹10 each and 1,50,00,000 preference shares of ₹10 each
  • BDP's paid-up capital: ₹39,30,91,000 divided into 2,83,59,100 equity shares of ₹10 each and 10,95,000 preference shares of ₹100 each
  • BDP revenue from operations: ₹102,36,74,576 (FY 2025-26), ₹98,52,74,448 (FY 2024-25), ₹79,57,20,052 (FY 2023-24)

Parties Involved

  • Acquiring company: Advent Hotels International Limited (Scrip Code: 544446)
  • Target entity: BD and P Hotels (India) Private Limited (subsidiary)
  • Other subsidiary: Goan Hotels & Realty Private Limited
  • Regulatory references: SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026
  • Company representative: Chirag Sojitra, Company Secretary

Purpose and Rationale

The acquisition is being undertaken to facilitate the creation of security for senior, secured, interest-bearing, redeemable non-convertible debentures (NCDs) proposed to be issued by the company's subsidiaries (Goan Hotels & Realty Private Limited and BD & P Hotels India Private Limited).

After acquisition, the company will create a pledge over these preference shares in favor of the lender. This arrangement will streamline the security creation process by eliminating the need for multiple preference shareholders to individually execute pledge documentation.

Ownership Impact

  • Current holding: Company already holds 75% equity shares in BDP
  • Post-acquisition: Company will hold 100% of preference shares in BDP
  • The acquisition represents full control of preference share capital

Transaction Details

  • Payment method: Through banking channel
  • Price per share: ₹100 per preference share
  • Nature: Related party transaction (promoter/promoter group has interest in preference shares)
  • Arm's length: Confirmed as arm's length transaction

Target Entity Background

  • Industry: Hotel and Hospitality Business
  • Incorporation: 25th April, 1997
  • Geographic presence: India
  • Business: Hotel and hospitality operations
  • Three-year revenue trend shows growth from ₹79.57 crore (FY24) to ₹102.37 crore (FY26)