BREP Asia III India Holding Co VI Pte. Ltd. announced the release of an indirect pledge on shares of Ventive Hospitality. The pledge, previously created by BREP Asia III India Holding Co IX Pte. Ltd. to secure term loan facilities of up to USD 180,000,000, has been released as of January 23, 2026. Certain covenants related to equity shares held by BREP Asia III continue under a facility agreement.
Details of Pledge Release
An indirect pledge created by Parent of Promoter 2 to secure term loan facilities, with a value of up to USD 180,000,000 has been released. The original disclosure for the creation of this pledge was made on April 29, 2025.
Ongoing Encumbrances
Although the described indirect pledge has been released, it is important to note that Promoter 2 has agreed to certain covenants that are in the nature of encumbrance under the facility agreement dated April 25, 2025. The company has also created a pledge over the equity shares pursuant to an Indian law-governed pledge agreement dated January 16, 2026 between Promoter 2, BRE Asia ICC Holdings Ltd and Catalyst Trusteeship Limited.
Shareholding Details
As of the report on February 3, 2026, the total number of shares encumbered for BREP Asia III India Holding Co VI Pte. Ltd. is 23,465,150 shares, representing 10.05% of the total share capital, and is held by Deutsche Bank AG, Singapore Branch.
Other Promoter Encumbrances
As of this report, the following individuals and entities also have encumbered shares:
Atul I. Chordiya HUF, representing 0.99% of total shares.Atul Ishwardas Chordiya, representing 1.65% of total shares.Premsagar Infra Realty Private Limited, representing 37.28% of total shares.BRE Asia ICC Holdings Ltd, representing 22.31% of total shares.
Source: BSE
