Rekha Jhunjhunwala Portfolio Stock Gains Rs 4,25,00,000 on Rs 504 Crore Prestige Estates Deal; FII Stake Increases

On Monday, Indian benchmark indices traded higher in early trade. As of the latest available trade, the Nifty 50 was up 126.40 points, or 0.52 per cent, at 24,397.25. Amid the positive market sentiment, Advent Hotels International share price jumped 12.45 per cent to Rs 158.09 after the company announced a strategic investment agreement with Prestige Estates.

Prestige Estates to Acquire 50 per cent Stake 

Advent Hotels International informed the exchanges that its wholly owned subsidiary, Advent Convention and Hotels International Limited (ACHIL), has entered into an investment agreement with Prestige Estates Projects Limited and Prestige Falcon Realty Ventures Private Limited.

Under the agreement, Prestige Estates will acquire a 50 per cent equity stake in ACHIL for Rs 504 crore. Following the transaction, ACHIL will become a 50:50 joint venture, with Advent Hotels retaining the remaining 50 per cent economic and voting rights.

Advent Hotels International Project Details

The transaction relates to the joint commercial development of a strategic land parcel measuring 21,978.22 square metres at Sahar, Andheri East, Mumbai. Following the NCLT-approved demerger, the property was transferred to ACHIL, which has been designated as the exclusive special purpose vehicle (SPV) for the project.
Also Read - Leading Pharma Company Partners Apollo Hospitals to Expand Multi-Cancer Detection Test in India

Advent Hotels International Institutional Investors

According to the latest March 2026 shareholding pattern, Foreign Institutional Investors (FIIs) increased their stake to 3.26 per cent, compared with 2.92 per cent in the December 2025 quarter. Promoter holding remained unchanged at 47.69 per cent, while Domestic Institutional Investors (DIIs) held 0.42 per cent.

Rekha Jhunjhunwala's Holding

According to the latest shareholding pattern, Rekha Jhunjhunwala held 25,00,000 equity shares of the company. With the stock gaining Rs 17 during the session, the value of her holding increased by approximately Rs 4,25,00,000 (Rs 4.25 crore) in a single trading session.

About Advent Hotels International

Advent Hotels International Limited is engaged in the development, ownership and management of hospitality and Real Estate assets. The company focuses on premium hotel developments and mixed-use commercial projects across key urban locations in India.

The company is expanding its presence through strategic partnerships and large-scale hospitality-led real estate developments. Its latest joint venture with Prestige Estates is expected to strengthen its project execution capabilities and unlock value from its Mumbai land Bank.

What are your thoughts on Advent Hotels International's partnership with Prestige Estates? Share your views in the comments below.
Disclaimer: The article is for informational purposes only and not investment advice.