Advent Hotels International Limited has informed the stock exchanges that its Board of Directors, at a meeting held on October 13, 2026 (commencing at 7:00 PM and concluding at 7:30 PM), approved the execution of a Share Purchase Agreement (SPA). This agreement is for the acquisition of the remaining 25% equity shareholding in BD And P Hotels (India) Private Limited (BD&P Hotels), which is currently a 75% subsidiary of the company.

Acquisition Details

  • Target Entity: BD And P Hotels (India) Private Limited
  • Capital Structure:
  • Authorised Capital: ₹45,00,00,000
  • Paid-Up Capital: ₹39,30,91,000 comprising 2,83,59,100 equity shares of ₹10 each and 10,95,000 preference shares of ₹100 each
  • Financial Performance:
  • FY 2025-26 Turnover: ₹102,36,75,000
  • FY 2024-25 Turnover: ₹98,52,74,000
  • FY 2023-24 Turnover: ₹79,57,20,000
  • Shares to be Acquired: 70,89,775 equity shares of ₹10 each
  • Completion Timeline: On or before June 30, 2027 (subject to mutual extension)

Business Background of Target

BD&P Hotels was incorporated on April 25, 1997, and operates in the hospitality business. It owns and operates the Hilton Mumbai International Airport hotel ("Hilton Hotel"), which comprises 171 keys along with banquets, conference facilities, and shops. The property is located on approximately 1.26 acres of land at Andheri (East), Mumbai. The company operates exclusively in India.

Transaction Rationale and Impact

The acquisition is aligned with Advent Hotels' core hospitality business and aims to consolidate complete ownership of BD&P Hotels. This will enable the company to exercise greater strategic and operational control over its hospitality operations. Upon completion, BD&P Hotels will become a wholly-owned subsidiary of Advent Hotels International Limited.

Regulatory and Governance Aspects

The acquisition does not constitute a related party transaction. The existing shareholders of BD&P Hotels from whom the shares are being acquired are not related parties of Advent Hotels. The promoter/promoter group of Advent Hotels has no interest in BD&P Hotels beyond the company's existing shareholding. No governmental or regulatory approvals are required for this acquisition.

Disclosure Compliance

The intimation is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026.

#AdventHotels #M&A #SEBIDisclosure #RegulatoryCompliance #Hospitality #Neutral