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Hotel Leela firms up on inking management contract with Colonizers and Developers

13 Nov 2013 Evaluate

Hotel Leela Venture is currently trading at Rs. 14.90, up by 0.10 points or 0.68 % from its previous closing of Rs. 14.80 on the BSE.

The scrip opened at Rs. 14.70 and has touched a high and low of Rs. 14.95 and Rs. 14.55 respectively. So far 7668 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 32.50 on 06-Dec-2012 and a 52 week low of Rs. 14.25 on 25-Sep-2013.

Last one week high and low of the scrip stood at Rs. 16.25 and Rs. 14.75 respectively. The current market cap of the company is Rs. 672.90 crore.

The promoters holding in the company stood at 59.77 % while Institutions and Non-Institutions held 6.92 % and 33.31 % respectively.

Hotel Leelaventure has signed a Management Contract on October 18, 2013 with Colonizers and Developers which is constructing a 175 room hotel at Lucknow in state of Uttar Pradesh. The construction of the hotel would take about three years from the date of receiving all necessary approvals. The board of directors at its meeting held on November 12, 2013 has approved for the same.

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.

Peers
Company Name CMP
The Indian Hotels Co 726.00
ITC Hotels 162.05
Mahindra Holi.&Resor 200.20
EIH 294.90
Chalet Hotels 880.80
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