Leela to raise Rs. 700 cr | business | Hindustan Times
Today in New Delhi, India
Jan 19, 2017-Thursday
New Delhi
  • Humidity
  • Wind

Leela to raise Rs. 700 cr

business Updated: Oct 31, 2012 20:45 IST
HT Correspondent
HT Correspondent
Hindustan Times
Highlight Story

Luxury hotel chain Hotel Leelaventure plans to raise around Rs. 700 crore through sale of its non-core assets over the next two years, the company said on Wednesday.

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.

"The fund raising is part of our plans to reduce company debt," said Vivek Nair, vice-chairman and managing director of Leela Group.