Leela Palaces to raise ₹5,000 cr in Indias largest hotel sector IPO: Report

Siddarama Garur, Gulbarga, Karnataka (KA)
21/09/2024 06:31 AM

Leela Palaces to raise ₹5,000 cr in India's largest hotel sector IPO: Report

Brookfield Asset Management-owned Leela Palaces, Hotels & Resorts plans to file draft papers for ₹5,000-crore IPO soon, Moneycontrol reported. The planned IPO will be the biggest in India's hotels sector. Brookfield bought four of Leela's assets in Delhi, Bengaluru, Udaipur and Chennai for ₹3,950 crore in 2019. The IPO won't include Leela Mumbai, which is already listed as Hotel LeelaVenture.

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