Description

NSE notifies listing of 53,942,887 equity shares of Advent Hotels International Limited effective November 13, 2025, following NCLT-approved composite scheme of amalgamation involving Valor Estate Limited and Esteem Properties Private Limited.

Summary

The National Stock Exchange notifies the listing of equity shares of Advent Hotels International Limited (Symbol: ADVENTHTL) effective November 13, 2025, pursuant to a composite scheme of amalgamation and arrangement. The NCLT Mumbai Bench approved the scheme on June 12, 2025, involving the amalgamation of Esteem Properties Private Limited with Valor Estate Limited, and demerger of the hospitality business from Valor Estate Limited into Advent Hotels International Limited. A total of 53,942,887 equity shares of Rs. 10/- each (ISIN: INE28GN01010) will be listed initially in the ‘BE’ (Trade for Trade) series.

Key Points

  • 53,942,887 equity shares of Rs. 10/- face value to be listed
  • Securities initially available in Series ‘BE’ (Trade for Trade), later to shift to Series ‘EQ’
  • ISIN: INE28GN01010
  • Market lot size: 1 share
  • Distinctive number range: 1 to 53,942,887
  • Securities are pari passu with existing shares
  • Lock-in details as per Annexure I
  • Pre-open session applicable as per SEBI circular CIR/MRD/DP/01/2012 & CIR/MRD/DP/02/2012
  • Registrar and Share Transfer Agent: MUFG Intime India Private Limited

Regulatory Changes

No new regulatory changes. The listing follows existing SEBI regulations:

  • SEBI circular no. SEBI/CIR/ISD/1/2010 dated September 2, 2010 (Trade for Trade to EQ series transition)
  • SEBI circular no. CIR/MRD/DP/01/2012 & CIR/MRD/DP/02/2012 dated January 20, 2012 (Pre-open session)
  • NSE Capital Market Trading Regulations Part A (Regulation 3.1.1 and 2.5.5)

Compliance Requirements

  • Exchange members must note the new security code and trading parameters
  • Trading to be conducted only through designated security codes
  • Trading must adhere to specified lot size of 1 share
  • Lock-in provisions as per Annexure I must be observed
  • Pre-open session procedures must be followed

Important Dates

  • June 12, 2025: NCLT Mumbai Bench approval date for the scheme
  • November 11, 2025: Circular issue date
  • November 13, 2025: Effective date for listing and trading commencement

Impact Assessment

Market Impact: Medium - The listing introduces a new hospitality sector entity to NSE’s Capital Market segment with substantial share capital. Initial trade-for-trade restrictions may limit liquidity but provide price discovery protection.

Corporate Structure Impact: The scheme involves complex corporate restructuring including amalgamation of wholly-owned subsidiary (Esteem Properties Private Limited into Valor Estate Limited) and demerger of hospitality business into Advent Hotels International Limited. This creates a focused hospitality business entity.

Trading Impact: Initial listing in ‘BE’ series means trade-for-trade settlement with compulsory delivery, which may impact trading volumes initially. Transition to ‘EQ’ series will be subject to SEBI guidelines and compliance requirements.

Investor Impact: Lock-in provisions apply as per Annexure I, restricting immediate liquidity for certain shareholders. The pari passu nature ensures equal rights with any existing shares.

Company Details

Registered Office: 7th floor, Resham Bhavan, Veer Nariman Road, Churchgate, Mumbai – 400020

Contact:

RTA: MUFG Intime India Private Limited, C-101, Embassy 247, L B S Marg, Vikhroli (West), Mumbai - 400 083

Impact Justification

New listing resulting from corporate restructuring affects trading in hospitality sector company with 53.9 million shares, initially in trade-for-trade series with lock-in provisions