Investment3 Jul 2025, 02:02 am
Brigade Enterprises Ltd Subsidiary to Raise Rs. 126 Crores from Investors
AI Summary
Brigade Enterprises Ltd announced that its wholly owned subsidiary, Brigade Hotel Ventures Limited (BHVL), has entered into an Investment Agreement with investors for raising Rs. 126 Crores. Upon allotment of shares, BHVL will cease to be a wholly owned subsidiary but will continue to be a subsidiary of the Company. The investment will be made by 360 ONE Alternates Asset Management Limited, and post the issuance of shares, the Company will hold 95.26% of the equity share capital of BHVL.
Key Highlights
- Brigade Hotel Ventures Limited (BHVL) to raise Rs. 126 Crores from investors.
- 360 ONE Alternates Asset Management Limited is the investing party.
- Post investment, the Company will hold 95.26% of the equity share capital of BHVL.
- BHVL will cease to be a wholly owned subsidiary but will continue to be a subsidiary of the Company.
- The investment does not involve any related parties and is not a related party transaction.