Hotel Leela gains 4.5 pc on completion of Goa property sale

Shares of Hotel Leelaventure rose 4.5 per cent today after the company completed the Rs 725- crore sale of its Goa property to Ceres Hotels.
The stock ended the day with a gain of 2.72 per cent at Rs 20.80 on BSE. During the day, it climbed 5.67 per cent to Rs 21.40.
On NSE, shares of the company went up 4.47 per cent to end at Rs 21.
The sale of The Leela, Goa, was completed on December 14, 2015, Hotel Leelaventure had said in a filing to BSE yesterday.
"The shareholding of the company shall remain unaffected pursuant to the aforesaid sale," it added.

The company had earlier in September this year announced a pact with the Malaysia-based MetTube to sell the Goa property for Rs 725 crore as part of its debt restructuring process.
The property was to be acquired by Ceres Hotels Private Ltd, a wholly-owned Indian subsidiary of MetTube.