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Dec 27, 2012, 01.27 PM IST | Source: Moneycontrol.com

Hotel Leela clarifies on sale of property

Hotel Leela Venture clarified that it has not yet entered into any definitive agreements for sale of the property either with RIL or any other party. The Company and its senior management continue to evaluate proposals and will make announcement to the Stock Exchanges and investors as and when appropriate.

With reference to the news item appearing in a leading financial daily titled "RIL to buy Leela's biz park to house 4G ops", Hotel Leelaventure Ltd has clarified to BSE that the Company has not yet entered into any definitive agreements for sale of the property either with RIL or any other party. The Company and its senior management continue to evaluate proposals and will make announcement to the Stock Exchanges and investors as and when appropriate.Source : BSE

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