Valor Estate Limited has made a public announcement regarding the Scheme of Arrangement between Valor Estate Limited (Parent Company or Demerged Company) and Advent Hotels International Private Limited (Resulting Company).
This Scheme of Arrangement was approved by the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench on June 12, 2025. Friday, July 18, 2025 has been fixed as the record date for this corporate action.
As per the Scheme of Arrangement, 1 (one) equity share of Advent Hotels International Private Limited of ₹10 each fully paid-up will be issued for every 10 (ten) equity shares of Valor Estate Limited of ₹10 each fully paid-up. In other words, if you held 100 equity shares of Valor Estate Limited as on the record date, you will receive 10 equity shares of Advent Hotels International Private Limited.
The resulting company, Advent Hotels International Private Limited, is currently unlisted, but you will be able to see these shares in the unlisted section of your portfolio once they are credited to your demat account.
Trading will be possible once the company applies for listing. Your portfolio will also be updated with the adjusted prices for both Valor Estate Limited and Advent Hotels International shares once the Cost of Acquisition (COA) is declared by the company.
What do you think about this order by the NCLT? Feel free to use this thread to discuss.