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Schloss Bangalore Ltd. ( (IN:THELEELA) ) has issued an update.
Leela Palaces Hotels & Resorts Limited, through its wholly-owned subsidiary Aries Holdings (DIFC) Limited, has agreed to acquire a 25% equity stake in Argon Holdings (DIFC) Limited for up to INR 35,000. This strategic investment aims to explore business opportunities in the UAE and is structured as a related party transaction, with the company’s promoters also promoting Argon Holdings. The acquisition is expected to be completed by the end of 2025 and is conducted on an arm’s length basis, adhering to SEBI regulations.
More about Schloss Bangalore Ltd.
Leela Palaces Hotels & Resorts Limited, formerly known as Schloss Bangalore Limited, operates in the hospitality industry, focusing on luxury hotels and resorts. The company is known for its upscale accommodations and services, catering to a high-end market segment.
Average Trading Volume: 69,053
Technical Sentiment Signal: Strong Buy
Current Market Cap: 140.3B INR
See more insights into THELEELA stock on TipRanks’ Stock Analysis page.