BREP Asia III India Holding Co VI Pte. Ltd., a promoter of Ventive Hospitality Limited, has created a pledge over 23,465,150 equity shares (10.05% of share capital) as of January 22, 2026. The pledge serves as security for term loan facilities of up to USD 180,000,000 availed by VH ML NQ Limited. Catalyst Trusteeship Limited acts as the onshore security agent.
Pledge Creation Details
On January 22, 2026, BREP Asia III India Holding Co VI Pte. Ltd. (Promoter 2) created a pledge over 23,465,150 equity shares of Ventive Hospitality Limited, representing 10.05% of the company’s share capital.
Purpose of the Pledge
The share pledge is intended to secure term loan facilities amounting to USD 180,000,000 availed by VH ML NQ Limited under a facility agreement dated April 25, 2025. The beneficiaries of this security are the Lenders under the Facility Agreement. Catalyst Trusteeship Limited functions as the onshore security agent.
Entities Involved
The key entities involved in this transaction include:
- BREP Asia III India Holding Co VI Pte. Ltd. (Promoter 2)
- BRE Asia ICC Holdings Ltd. (Promoter 1)
- Catalyst Trusteeship Limited (onshore security agent)
Details of Encumbered Shares
The encumbered shares represent 100% of Promoter 2’s shareholding in Ventive Hospitality Limited. This pledge has been created under an Indian law-governed pledge agreement dated January 16, 2026 (the Security Document). The value of shares on the date of the creation of encumbrance is Rs. 57,557,925,536.
Use of Borrowed Amount
The borrowed amount from the facility is earmarked for distributions or shareholder/intercompany loans to BREP Asia SG T1 Holding (NQ) Pte. Ltd., BREP VIII SBS ICC Holding (NQ) Encumbrance Ltd., and BREP Asia III India Holding Co IX Pte. Ltd., and for payment of transaction costs.
Lenders Under Facility Agreement
The Lenders under the facility agreement include:
- Barclays Bank PLC
- Deutsche Bank AG, London Branch
- JPMorgan Chase Bank, N.A., London Branch
- The Hongkong and Shanghai Banking Corporation Limited
Source: BSE
