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Ventive Hospitality Limited ( (IN:VENTIVE) ) just unveiled an update.
Ventive Hospitality Limited’s board has approved a proposal to secure credit facilities of USD 36 million sanctioned by ICICI Bank to its subsidiary, Kudakurathu Island Resorts Private Limited, by providing a corporate guarantee of up to USD 39.6 million. The guarantee will be issued in two tranches: an immediate corporate guarantee of USD 12 million and an additional USD 27.6 million guarantee that will be contingent on shareholder approval via a postal ballot, underscoring the company’s commitment to supporting its subsidiary’s financing needs and potentially expanding its resort operations while involving shareholders in key leverage decisions.
More about Ventive Hospitality Limited
Ventive Hospitality Limited operates in the hospitality sector and holds interests in resort assets through its subsidiaries, including Kudakurathu Island Resorts Private Limited. The company is listed on both the National Stock Exchange of India and BSE, reflecting its access to public capital markets and its focus on hospitality-led growth.
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.