Leela Group

Leela Group to issue 14.5 percent preferential shares

Leela GroupNew Delhi, April 18 : Luxury hotel chain company Leela Group Monday said it would issue preferential shares of about 14.5 percent to private equity firms in six to eight weeks.

"We will be issuing the preferential shares in about six-to-eight weeks time. We hope to raise about Rs. 600 crore through this exercise," Vivek Nair, vice chairman and managing director of Hotel Leelaventures Limited, told reporters at an event to mark the opening of the company's new hotel in the national capital.

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