Hotel Leelaventure has received its board’s approval for raising of funds upto Rs 1,000 crore by way of QIP, FCCB, etc. in one or more tranches. The approval was granted at its meeting held on May 23, 2011.
Meanwhile, the board has decided to obtain approval of the shareholders at the ensuing Annual General Meeting (AGM) for enabling resolution authorizing the company for raising of funds.
Hotel Leelaventure 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.
