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Hotel Leela Venture rises on plan to raise Rs 700 crore by selling its non-core assets

01 Nov 2012 Evaluate

Hotel Leela Venture is currently trading at Rs. 29.90, up by 0.25 points or 0.84% from its previous closing of Rs. 29.65 on the BSE.

The scrip opened at Rs. 29.70 and has touched a high and low of Rs. 30.00 and Rs. 29.70 respectively. So far 8373 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 40.70 on 09-Nov-2011 and a 52 week low of Rs. 27.05 on 04-Sep-2012.

Last one week high and low of the scrip stood at Rs. 30.75 and Rs. 29.15 respectively. The current market cap of the company is Rs. 1155.72 crore.

The promoters holding in the company stood at 56.57% while Institutions and Non-Institutions held 7.63% and 35.79% respectively.

In a bid to reduce its debt burden, hospitality chain Hotel Leela Venture is planning to raise Rs 700 crore by selling its non-core assets.

This sale of non-core assets - which includes selling land - is part of the company’s plan to raise around Rs 2,000 crore over the next couple of years through bonds, institutional placement of shares and rights issue.

At present, the company is having around 2,200 room inventory across eight hotels in Bangalore, Gurgaon, Mumbai, New Delhi, Chennai, Goa, Kovalam and Udaipur.

HLV Share Price

9.07 0.52 (6.08%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Indian Hotel 659.55
ITC Hotels 162.45
EIH 321.55
Chalet Hotels 778.90
Mahindra Holi.&Resor 272.70
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