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Hotel Leelaventure gets shareholders' nod to raise Rs 1,000 crore

Hotel Leelaventure said its shareholders have approved proposal to raise additional long-term funds up to Rs 1,000 cr through issue of securities.

twitter-logoPTI | September 24, 2015 | Updated 11:55 IST
Hotel Leelaventure gets shareholders nod to raise Rs 1K cr
Picture for representation purpose only. (Photo: Reuters)

Hotel Leelaventure today said its shareholders have approved the proposal to raise additional long-term funds up to Rs 1,000 crore through issue of securities.

The luxury hospitality chain's shareholders have passed with requisite majority the special resolution "for raising additional long- term funds through further issue of securities up to Rs 1,000 crore", Hotel Leelaventure said in a BSE filing.

The company had recently sold its Goa property on a slump sale basis for a consideration of Rs 725 crore to Ceres Hotels Pvt Ltd to pare debt.

Shares of Hotel Leelaventure today closed at Rs 20, down 0.50 per cent on BSE.

(PTI)

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