Hotel Leela Venture is presently trading at its top limit of Rs. Eleven.Sixty three, up with the aid of 0.55 factors or 4.96% from its previous final of Rs. Eleven.08 on the BSE.

The scrip opened at Rs. 11.63 and has touched a high and occasional of Rs. 11.63 and Rs. 11.63 respectively. So some distance 21974 shares have been traded on the counter.

The BSE institution ‘B’ stock of face fee Rs. 2 has touched a 52 week excessive of Rs. 21.50 on 17-Apr-2018 and a 52 week low of Rs. 8.Sixty one on 22-Nov-2018.

Last one week high and coffee of the scrip stood at Rs. Eleven.79 and Rs. 10.Forty two respectively. The cutting-edge market cap of the enterprise is Rs. 733.33 crore.

The promoters conserving within the corporation stood at 47.27%, while Institutions and Non-Institutions held three.89% and forty eight.84% respectively.

Hotel Leela Venture (HLVL) has entered right into a binding settlement with a Brookfield Asset Management sponsored private actual property fund, to promote through manner of stoop sale, 4 owned Leela hotels located at Bangalore, Chennai, Delhi and Udaipur and the property that it owns in Agra.

The transaction additionally includes mission of all Hotel Management contracts currently in operation as well as all management contracts for resorts which are currently beneath improvement, at the side of the employees of the accommodations. The overall transaction fee is Rs 3950 crore plus the applicable transaction prices.

Simultaneously, the Promoters who very own the Leela emblem might additionally be moving the Leela brand to Brookfield for all hospitality groups.