Leela hotels owner Schloss Bangalore files IPO papers with Sebi, aims to raise Rs 5,000 crore
The company's proposed IPO is a combination of a fresh issue of equity shares worth Rs 3,000 crore and an offer for sale (OFS) of stocks valued Rs 2,000 crore by promoter Project Ballet Bangalore Holdings (DIFC) Pvt Ltd, according to the draft red...
By Reuters | Updated:
BCCL
India's Schloss Bangalore, owner of the luxury hotel chain 'The Leela', filed for a Rs 5,000 crore ($599 million) initial public offering, draft papers on Friday showed.
As of mid-September, about 235 companies have gone public in the country and raised more than $8.6 billion, which exceeds the total amount raised last year, LSEG data showed.
India's benchmark Nifty 50 index has hit record highs more than 50 times so far this year.
The company has 12 operational hotels across ten cities in India and is planning to add eight new hotels through 2028, Schloss said in its IPO prospectus.
As of mid-September, about 235 companies have gone public in the country and raised more than $8.6 billion, which exceeds the total amount raised last year, LSEG data showed.
India's benchmark Nifty 50 index has hit record highs more than 50 times so far this year.
The company has 12 operational hotels across ten cities in India and is planning to add eight new hotels through 2028, Schloss said in its IPO prospectus.
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