Leela Hotels has unveiled its Rs 1,800 crore in the prime Chanakyapuri area in the capital. This investment entails a Rs 1,100 crore debt, which the company is hoping to repay with the cash generated from its other six properties.
Leela's debt today is roughly at Rs 3,800 crore. The company has a fund raising plan of Rs 1,900 crore including divesting 14.99% to PE players to raise Rs 1,000 crore. CNBC-TV18Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
