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Leela Palaces to invest up to ₹185 crore in subisdiary Buildminds

Leela Palaces Hotels & Resorts on Monday said it proposes to invest up to Rs 185 crore in its subsidiary Buildminds Real Estate Private Limited to meet the capital requirements for the construction of an upcoming 5-star hotel in Ayodhya. The investment in Buildminds will be made through subscription to Compulsorily Convertible Preference Shares (CCPS) in one or more tranches over one or more years, the company said in a regulatory filing. "Buildminds is engaged in the development of our upcomin…

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Business StandardCenter·2h ago
Leela Palaces to invest up to ₹185 crore in subisdiary Buildminds
Leela Palaces Hotels & Resorts on Monday said it proposes to invest up to Rs 185 crore in its subsidiary Buildminds Real Estate Private Limited to meet the capital requirements for the construction of an upcoming 5-star hotel in Ayodhya. The investment in Buildminds will be made through subscription to Compulsorily Convertible Preference Shares (CCPS) in one or more tranches over one or more years, the company said in a regulatory filing. "Buildminds is engaged in the development of our upcomin…
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Leela Palaces to invest up to ₹185 crore in subisdiary Buildminds

How 1 sources are covering this

Leela Palaces to invest up to ₹185 crore in subisdiary Buildminds

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