Advent Hotels: 3.18M Shares Released from Pledge

Advent Hotels International Limited has announced the release of encumbrance on 31,80,433 equity shares held by Neelkamal Tower Construction LLP. These shares were originally pledged as collateral for a facility granted to a subsidiary of Valor Estate Limited (formerly D B Realty Limited) by HDFC Limited. Following the full repayment of the loan by the borrower, the pledge has been lifted by IDBI Trusteeship Services Limited, acting as the Share Pledge Trustee. This action frees up the specified shares, which were transferred to Advent Hotels International Limited as part of a composite scheme of amalgamation and arrangement.