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Hotel Leela Venture Ltd. - News Clarification

By Religare

Hotel Leela Venture Ltd has submitted a clarification on news item captioned "Leelaventure may sell 24% stake to cut debt". The Company has clarified that "The Company is in discussion with various investors and lenders, for raising funds to meet debt servicing obligations. However, the Company has not entered into agreement with any of them. The Company and its senior management continue to evaluate proposals and announcement, if any, will be made to the Stock Exchanges at an appropriate time".

Story first published: Tuesday, September 22, 2015, 12:20 [IST]
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