BREP Asia III India Holding Co VI Pte. Ltd. has announced the release of an indirect pledge on its shares in Ventive Hospitality Limited. This pledge was originally created by BREP Asia III India Holding Co IX Pte. Ltd. to secure term loan facilities of up to USD 180,000,000 availed by VH ML NQ Limited. The release pertains to the indirect pledge which was disclosed on 29 April 2025. It is clarified that certain covenants in the nature of encumbrance, agreed upon in relation to all equity shares held by BREP Asia III India Holding Co VI Pte. Ltd. in Ventive Hospitality Limited, under the facility agreement dated 25 April 2025, will continue. Additionally, BREP Asia III India Holding Co VI Pte. Ltd. has created a direct pledge over its equity shares in Ventive Hospitality Limited on 16 January 2026, in favor of Catalyst Trusteeship Limited (as the onshore security agent), pursuant to an Indian law-governed pledge agreement. This direct pledge was disclosed on 22 January 2026. As of the reporting date, 3 February 2026, BREP Asia III India Holding Co VI Pte. Ltd. holds 23,465,150 shares, representing 10.05% of the total share capital. This entire holding is currently unencumbered following the release of the indirect pledge. Other promoters, including Atul I. Chordia HUF, Atul Ishwardas Chordia, and Premsagar Infra Realty Private Limited, hold their respective shares without any encumbrance.
