Brigade Enterprises Limited — Important, 02-07-2025: Agreements

Brigade Hotel Ventures Limited (BHVL), a wholly owned subsidiary of Brigade Enterprises, has announced a board meeting. BHVL entered into an agreement with 360 ONE Alternates Asset Management Limited to raise Rs. 126 Cr through the issuance of 1.40 crore equity shares at Rs. 90/share. Post-transaction, Brigade’s holding in BHVL will reduce to 95.26%. 360 ONE has no promoter affiliation. This capital infusion is expected to strengthen BHVL’s funding profile without affecting control significantly.