VENTIVEVentive Hospitality Ltd.
Ventive Hospitality approves ₹200 crore letter of comfort for ICICI Bank loan
- Agreement
- hospitality
Reviewed byKeshav SehgalBlacklitt Research
Ventive Hospitality (NSE: VENTIVE) has approved issuing a Letter of Comfort in favour of ICICI Bank for a rupee term loan of up to ₹200 crore, it said in a filing on 02 Nov 2026. The loan is proposed to be availed by its wholly owned subsidiary KBJ Hotel & Restaurants Private Limited.
Key highlights
- Letter of Comfort to ICICI Bank: up to ₹200 crore
- Facility availed by: KBJ Hotel & Restaurants Private Limited
- Earlier HSBC shortfall undertaking of ₹200 crore rescinded
- Immediate impact on the listed entity: none, the company says
The letter of comfort in numbers
| Item | Detail |
|---|---|
| Issued in favour of | ICICI Bank Limited |
| Borrower | KBJ Hotel & Restaurants Private Limited, a wholly owned subsidiary |
| Facility | Rupee Term Loan of up to ₹200 crore |
| Board approval | 02 Nov 2026 |
| Promoter interest | Promoter and promoter group companies are not interested in the transaction |
| Guarantee terms | As per the agreed terms with the lender |
| Immediate impact on listed entity | None, the company says |
What the letter of comfort covers
The board approved issuing a Letter of Comfort to ICICI Bank in connection with a Rupee Term Loan of up to ₹200 crore proposed to be availed by KBJ Hotel & Restaurants Private Limited. The company describes KBJ as its wholly owned subsidiary. A letter of comfort is a document from the parent that gives a lender assurance about the borrower, and the filing describes this one as being issued in connection with the loan.
The earlier HSBC arrangement is dropped
The board rescinded its approval, given on 04 Aug 2026, for a shortfall undertaking in favour of HSBC Bank for a proposed loan of up to ₹200 crore to the same subsidiary. The company says that arrangement is no longer proposed to be pursued. The loan amount is the same in both filings, and the filing does not say whether the ICICI Bank facility replaces the HSBC proposal.
What the letter of comfort means for Ventive Hospitality's shareholders
The company says there is no immediate impact on the listed entity from the letter of comfort. The filing describes a guarantee-type support for a subsidiary's borrowing, with the terms as agreed with the lender, and the company's market value is ₹12,630 crore at the 02 Nov 2026 close. Not stated: the interest rate, tenor and repayment terms of the ICICI Bank loan, whether the loan has been sanctioned or drawn, and how much liability the letter could create for the company.
The company's recent filing on 12 Oct 2026 concerned an appeal against a point in the NCLT order on its amalgamation scheme. The filing does not give a next dated step for this letter of comfort.
Filed with NSE on . Reference: Original filing (PDF)
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