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Hotel Leela Venture Ltd. - News Clarification

By Religare

Hotel Leela Venture Ltd has informed regarding a further clarification on news item captioned titled as "Leelaventure may sell 24% stake to cut debt". The Company has clarified that "There are no changes in the transaction pertaining to the Goa Hotel. As already communicated on September 19, 2015, the Agreement for Sale of Goa Hotel has already been executed on September 19, 2015 for a total consideration of 725 crores". The Company further clarify that "We have not entered into any agreement to sell equity stake. This clarification has no relation whatsoever with the sale of Goa hotel".

Story first published: Wednesday, September 23, 2015, 12:10 [IST]
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