Valor Estate Limited has completed the demerger of its hotel business, spinning it off into Advent Hotels International Limited (AHIL). Shareholders received 1 AHIL share for every 10 VEL shares held.

This strategic move creates a dedicated hospitality entity.

For tax considerations, investors should apportion their original Valor Estate share cost: 81.47% to the remaining Valor Estate shares and 18.53% to the new Advent Hotels International shares.

This provides a clear cost basis for holdings in both companies following the demerger.