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Hotel Leela surges on inking joint development pact with Prestige group

HLV Ltd. | Hotel, Resort & Restaurants | Travel & Hospitality | BSE: 500193 | NSE: HLVLTD

17 Jun 2014 Evaluate

Hotel Leela Venture is currently trading at Rs. 24.25, up by 0.50 points or 2.11% from its previous closing of Rs. 23.75 on the BSE.

The scrip opened at Rs. 23.75 and has touched a high and low of Rs. 24.60 and Rs. 22.70 respectively. So far 79000 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 2 has touched a 52 week high of Rs. 29.30 on 6-Jun-2014 and a 52 week low of Rs. 14.00 on 21-Nov-2013.

Last one week high and low of the scrip stood at Rs. 28.00 and Rs. 22.70 respectively. The current market cap of the company is Rs. 1,108.71 crore.

The promoters holding in the company stood at 62.71% while Institutions and Non-Institutions held 6.35% and 30.94% respectively.

Hotel Leela Venture has inked a joint development agreement with Prestige group to develop its surplus land in Bangalore. The project -- Prestige Leela Residences -- will come up on Leela’s land on Old Airport Road next to its hotel Leela Palace, at an expected investment of around Rs 110 crore. The deal is part of Leela Venture’s strategy to monetise non-core assets. The project is spread over 0.36 million sq ft.

Similarly, the company has signed an agreement with the Bhartiya Group for managing a Leela Hotel, near the International Airport, with 250 guestrooms and a Convention Centre for 1,500 people.

Hotel Leela Venture operates hotels and resorts in India. It also operates spas; and offers facilities for meetings and events, weddings, and social celebrations. The company’s portfolio includes luxury hotels and resorts primarily in Mumbai, Bangalore, Goa, Kovalam, Gurgaon, and Udaipur.

HLV Share Price

8.81 -0.26 (-2.87%)

20-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Indian Hotel	657.50
ITC Hotels	162.25
EIH	332.35
Chalet Hotels	791.05
Mahindra Holi.&Resor	268.20
View more..

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Hotel Leela surges on inking joint development pact with Prestige group

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