Ventive Hospitality Ltd Share Price

(VENTIVE)

Ventive Hospitality Limited Formerly known as ICC Realty India Private Limited was incorporated as a Private Limited Company on February 12 2002. The status of the Company got converted from Private Limited to Public Limited and the name of the Company has changed to Ventive Hospitality Limited pursuant to a fresh Certificate of Incorporation issued by the Registrar of Companies Pune on August 28 2024.Ventive Hospitality are a a hospitality asset owner primarily focused on luxury offerings across business and leisure segments in India and the Maldives. The Company was founded as the hospitality division of Panchshil Realty a real estate conglomerate based in Pune which has presence across the commercial retail luxury residential and data center segments. The Company is engaged in the business of leasing of commercial spaces operation of a retail mall operation of a commercial hotel and operation of windmills.Apart from this all the hospitality assets are operated by or franchised from global operators including Marriott Hilton Minor and Atmosphere. The luxury hospitality assets comprise JW Marriott Pune The RitzCarlton Pune Conrad Maldives Anantara Maldives andRaaya by Atmosphere Maldives. The Company started operations of ICC Offices at Pune in year 2005. It opened the Marriott Hotel in Pune in 2010. Xander Investment Holding XVI Limited acquired 48.99 of the equity share capital of the Company in 2010. In 2017 BRE Asia ICC Holdings Ltd formerly known as Xander Investment Holding XVI Limited an affiliate of Blackstone became 50 shareholder in the Company pursuant to acquisition of a 50 stake in the Company. In 2024 the Company acquired Varanasi Hotel under a nonbinding MOU with Marriott Marriott Aloft ORR Bengaluru DoubleTree by Hilton Pune Oakwood Residences Pune Marriott Suites Pune Marriott Aloft Whitefield Bengaluru Courtyard by Marriott Pune Panchshil Tech Park Pune Business Bay Pune The RitzCarlton Pune Raaya by Atmosphere Maldives Anantara Maldives Conrad Maldives Sri Lanka hotel under a non binding MOU with Marriott.The Company is planning an IPO by raising funds from public aggregating upto Rs 2000 Crore Equity Shares through Fresh Issue..

Listing date: 30 Dec, 2024
Chairperson Name: Atul Chordia