Searched for
LEELA ITC CASE
Boardroom Leela: Why are ITC and Hotel Leela at loggerheads?The battle between the two has been raging for the last five years and, of course, Hotel Leelaventure Limited (HLV) has contested claims ma...- Hotel Leela Venture challenges ITC's shareholder oppression claimsITC is opposing that sale transaction claiming it was to the detriment of minority shareholders. The cigarettes-to-FMCG conglomerate owns a...
- Business hotels' woes continue in absence of corporate travelAs a result, hotel chains are offering work from hotel packages, steep deals, dining and spa discounts and late check-outs. The difference ...
- Greater Chennai Corporation finds 114 Covid positive employees at star category hotels in testing driveThe corporation said it tested 1,623 employees of star category hotels from December 16 till January 3, and the results of 159 people were ...
- Leelaventure business acquired by Brookfield, company informs BSEAround 89 per cent of Leela's shareholders had voted in favour of the deal.
- NCLT hearing on Leela-Brookfield deal: Need another 3 months to finish the probe, says SebiITC is seeking a waiver on equity-ownership threshold to be eligible to file a case against the embattled provider of luxury leisure accomm...
- ITC wants to buy Hotel Leela’s assets for song: JM Financial ARCThe counsel for JM Financial ARC said that even after knowing the financial health of Leela, ITC Hotels has been picking up stake in the co...
- Leela sale row: ITC seeks waiver of minimum shareholding normITC alleged that large amounts will be paid to the promoters and JM Financial ARC will also benefit from the deal but the company will not ...
- ITC says it hasn’t made any offer for Leela assetsITC had also challenged the transaction in NCLT, claiming mismanagement and oppression of minority shareholders by the way the deal was str...
- NCLT accepts Hotel Leelaventure's request to hear petition after 6 weeksLeelaventure had sought the NCLT more time before it starts hearing the petition filed by lender JM Financial Asset Reconstruction Company.
- ITC asked to prove eligibility for its Leelaventure plea to be heardITC currently holds a 7.92% stake in Leelaventure.
- ITC moves NCLT seeking to cancel Leela sale; hearing on June 18ITC is seeking a waiver of the 10 percent minimum shareholding requirement to file a petition alleging oppression and mismanagement.
- Hotel Leela Venture scions need to focus on building financial stabilityVivek, chairman and managing director, and Dinesh, co-chairman and managing director, are currently in the midst of negotiating a sale of a...
- Luxury hotels hardsell suites to boost occupancy in slowdownHospitality experts said it made sense for luxury hotels to sell their suites that were otherwise lying vacant in a tough market.
- KKR to lend Rs 2,000 crore to Hotel LeelaventureHotel Leela will hypothecate its properties in Chennai and Delhi for the KKR transaction and the Rs 2,000-crore loan will be for a term of ...
- Leela to sell 2 hotels for Rs 2000 crore to pare debtThe Leela chain, in which ITC Hotels holds 12% stake, has been in the red for the past several quarters, competition and demand-supply mism...
- Why ITC should exit the hotel businessItc's Hotel biz contributes less than 2% to earnings but swallows big cash. A little over 1/5th of ITC's capex of Rs 2,750 cr was spent on ...
- ITC hotel business: Company better at protecting margins than its peersThough ITC’s hotel segment has taken a hit, co expects to add 5,000 rooms over the next five years to its current capacity of 8,000 rooms.
- Top lenders Indian Overseas Bank, Bank of India back out of Leela corporate debt restructuringHotel Leela Venture's Rs 3,000-cr debt restructuring proposal has hit a wall with top lenders Indian Overseas Bank, Syndicate Bank and BoI.
- Five-star hotels indulge clients with private labels of rare whiskies, fine winesFive-star hotels are stocking their bars with private labels of rare whiskies and fine wines, pushing the indulgence of wealthy clients .
Load More
