Ventive Hospitality Issues Letter of Comfort for ₹175 Cr Subsidiary Loan

Ventive Hospitality Ltd announced that its Board of Directors has approved the issuance of a Letter of Comfort in favor of ICICI Bank Limited. This letter supports a loan facility of up to ₹175 crores to be availed by Urbanedge Hotels Private Limited, a wholly owned subsidiary of Ventive Hospitality. The company stated that there is no immediate impact on Ventive Hospitality from this arrangement. The details of the issuance were discussed and approved at a Board Meeting held on August 4, 2026.