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Ventive Hospitality Limited ( (IN:VENTIVE) ) has provided an announcement.
Ventive Hospitality Limited’s board has approved providing corporate guarantees of up to USD 39.6 million to secure USD 36 million in credit facilities sanctioned by ICICI Bank to its subsidiary, Kudakurathu Island Resorts Private Limited. The structure includes an immediate corporate guarantee of USD 12 million and an additional USD 27.6 million that will be issued subject to shareholder approval via postal ballot, underscoring the company’s commitment to supporting the expansion and financing needs of its resort subsidiary while increasing its contingent liabilities and potentially deepening its exposure and leverage within the hospitality sector.
More about Ventive Hospitality Limited
Ventive Hospitality Limited operates in the hospitality sector, focusing on owning and managing resort assets, including through its subsidiary Kudakurathu Island Resorts Private Limited, indicating a strategic presence in high-value hospitality and leisure properties.
Average Trading Volume: 4,367
Technical Sentiment Signal: Strong Sell
Current Market Cap: 161.7B INR
For detailed information about VENTIVE stock, go to TipRanks’ Stock Analysis page.