Loan & Debt6 Jul 2026, 07:30 pm
Ventive Hospitality Subsidiary Secures ₹1,100 Million Term Loan
AI Summary
Ventive Hospitality Ltd announced that its wholly owned subsidiary, Eon-Hinjewadi Infrastructure Private Limited, has secured a Term Loan Facility of INR 1,100 million from ICICI Bank Limited. The funds raised will be used to repay an existing Inter-Corporate Deposit (ICD) previously availed from the holding company, Ventive Hospitality Limited. This move aims to restructure the subsidiary's debt and strengthen its financial position.
Key Highlights
- Subsidiary Eon-Hinjewadi Infrastructure secures ₹1,100 million term loan.
- Loan facility provided by ICICI Bank Limited.
- Proceeds to repay existing Inter-Corporate Deposit (ICD).
- Debt restructuring for the subsidiary.
- Aims to improve subsidiary's financial leverage.
Price Impact
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