Hotel Leela Venture is currently trading at its upper limit of Rs. 11.63, up by 0.55 points or 4.96% from its previous closing of Rs. 11.08 on the BSE.
The scrip opened at Rs. 11.63 and has touched a high and low of Rs. 11.63 and Rs. 11.63 respectively. So far 21974 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 21.50 on 17-Apr-2018 and a 52 week low of Rs. 8.61 on 22-Nov-2018.
Last one week high and low of the scrip stood at Rs. 11.79 and Rs. 10.42 respectively. The current market cap of the company is Rs. 733.33 crore.
The promoters holding in the company stood at 47.27%, while Institutions and Non-Institutions held 3.89% and 48.84% respectively.
Hotel Leela Venture (HLVL) has entered into a binding agreement with a Brookfield Asset Management sponsored private real estate fund, to sell by way of slump sale, four owned Leela hotels located at Bangalore, Chennai, Delhi and Udaipur and the property that it owns in Agra.
The transaction also includes assignment of all Hotel Management contracts currently in operation as well as all management contracts for hotels which are currently under development, along with the employees of the hotels. The total transaction value is Rs 3950 crore plus the applicable transaction costs.
Simultaneously, the Promoters who own the Leela brand would also be transferring the Leela brand to Brookfield for all hospitality businesses.
Hotel Leela venture is an India-based holding company, which is engaged in hoteliering business. The company is engaged in providing accommodation and food services, and food and beverage services.
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