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Hotel Leelaventure hits 10% upper circuit on reports that RIL may buy stake

Hotel Leelaventure locked in upper circuit of 10% at Rs 12.24, rallied 27% in past three trading sessions, as compared to 2% rise in S&P BSE Sensex.

JM Financial,Hotel Leelaventure, hotel Leela & Resorts, hospitality sector

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Board of directors of the hotel chain approved an enabling resolution for issue of up 1.25 billion equity shares of a face value of Rs 2 each

SI Reporter Mumbai

Last Updated : Mar 06 2019 | 2:03 PM IST

Shares of Hotel Leelaventure hit the upper circuit of 10 per cent at Rs 12.24 apiece on the BSE on Wednesday, after the company said it is evaluating various options for investment in the company or for sale of company’s assets. According to news channel BTVI, Reliance Industries (RIL) is eyeing Hotel Leelaventure.

“The company, in consultation with the lenders, is evaluating various options and there is no binding contract with any investor as on date either for investment in the company or for sale of company’s assets,” Hotel Leelaventure said today in a regulatory filing on clarification in

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