Business Update12 May 2026, 09:51 pm
Ventive Hospitality Amends OCD Subscription Agreement
AI Summary
Ventive Hospitality Ltd's board approved an amendment to the agreement for subscribing to additional Optionally Convertible Debentures (OCDs) of Soham Leisure Ventures Private Limited, a subsidiary owning the Hilton Goa Resort. The amendment involves an investment of ₹30 Crores in OCDs. The subscription is an arm's length transaction. Soham Leisure Ventures, incorporated in 2011, operates in the hospitality sector and had a turnover of ₹40.66 Crores as of March 31, 2026. Ventive Hospitality will hold 76% shareholding after the acquisition.
Key Highlights
- Ventive Hospitality amends agreement for ₹30 Cr OCD subscription in Soham Leisure Ventures.
- The OCD subscription is an arm's length transaction at ₹100 per OCD.
- Soham Leisure Ventures' turnover as of March 31, 2026, was ₹40.66 Crores.
- Ventive Hospitality will hold 76% shareholding in Soham Leisure Ventures post-acquisition.
- Soham Leisure Ventures operates the Hilton Goa Resort.