Valor Estate Limited — Important, 23-01-2025: Agreements

A Share Purchase Agreement has been executed for the transfer of 20,200 Class A equity shares (1% of paid-up capital) of Bamboo Hotel and Global Centre (Delhi) Pvt Ltd by Advent Hotels International Pvt Ltd to M/s Pinnacle Investments. The transaction is valued at ₹12.20 crore. The Buyer, a partnership firm represented by the Razack Family Trust, does not belong to the promoter group. The expected completion of the transaction is within 15 days, contingent on customary closing conditions. With Bamboo Hotel generating a turnover of ₹78.28 lakh and a net worth of approximately ₹7,963.30 lakh for the financial year ending March 31, 2024, this divestment could streamline operations and enhance the company's strategic position. Positive outlook as this aligns with the company's broader financial strategy and market focus.