Management

Hotel Leelaventure to raise $130 mn via share sale

Hospitality major Hotel Leelaventure today said it will raise up to $130 million (about Rs 600 crore) from share sale to part finance its expansion plans. - ITC stake in Leela rises to 7.37% - Hotel Leela mulls Rs 3,000-cr capex - Leisure properties report "sell-out" - FIPB nod to Hyatt-Emaar JV for hotels in India - Panoramic to raise up to Rs 100 cr via stake sale - Hotel Leelaventure buys back FCCBs worth $30 mn The company"s board of directors, at its meeting held, have approved to raise funds up to $130 million through issue of shares by way of private placement or through foreign currency convertible bonds, Hotel Leelaventure said in a filing to the Bombay Stock Exchange. The company will raise funds so as to reduce debt and also to part finance its expansion plans, the filing added.


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