Loan & Debt4 Aug 2026, 09:30 pm
Ventive Hospitality Subsidiary Secures ₹200 Cr Loan Facility
AI Summary
Ventive Hospitality Ltd announced that its Board of Directors has approved providing a shortfall undertaking in favor of HSBC Bank. This undertaking is in connection with a loan facility of up to ₹200 crores proposed to be availed by KBJ Hotel & Restaurants Private Limited, a wholly owned subsidiary. The company stated that there is no immediate impact on Ventive Hospitality from this arrangement. The transaction does not involve any interest from the promoter/promoter group/group companies.
Key Highlights
- Ventive Hospitality's subsidiary KBJ Hotel & Restaurants to avail ₹200 Cr loan.
- Company provides shortfall undertaking to HSBC Bank for the loan.
- No immediate financial impact on the parent company.
- Promoter group has no interest in this transaction.
Price Impact
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