Board Meeting12 Jun 2026, 06:11 pm
Advani Hotels Board Reviews Asset & Brand Valuations
AI Summary
Advani Hotels & Resorts (India) Ltd's Board of Directors met on June 12, 2026, to consider valuation reports for its operating business undertaking (Caravela Beach Resort Goa) and the 'Caravela' brand. Two independent valuers, Whitestone and ANVI, provided reports. The Board adopted the lower valuations: Rs. 828.50 crores for the asset on an as-is-where-is basis, Rs. 982.00 crores for the asset with the new banquet space completed, and Rs. 81.88 crores for the 'Caravela' brand. These valuations are for internal decision-making and compliance with SEBI regulations.
Key Highlights
- Board reviewed valuation reports for asset and 'Caravela' brand.
- Adopted lower valuations for asset at Rs. 828.50 Cr (as-is) and Rs. 982 Cr (with new banquet).
- Caravela brand valued at Rs. 81.88 Cr.
- Valuations conducted by Whitestone and ANVI.
- Information for internal decision-making and regulatory compliance.
Price Impact
More from ADVANIHOTR