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An update from Schloss Bangalore Ltd. ( (IN:THELEELA) ) is now available.
Leela Palaces Hotels & Resorts Limited has incorporated a new wholly owned subsidiary, Leela Imperial Suites Private Limited, as part of its expansion in the luxury hospitality segment under “The Leela” brand. The subsidiary, formed with an initial paid-up share capital of INR 1,000 and authorised share capital of INR 5,00,000, is yet to commence operations but is intended to own, operate, manage and develop luxury hotels and resorts, reinforcing the group’s strategic push to deepen its presence in the premium hospitality market and streamline future growth initiatives under a dedicated entity.
More about Schloss Bangalore Ltd.
Leela Palaces Hotels & Resorts Limited, formerly known as Schloss Bangalore Limited, operates in the hotels and resorts industry with a focus on owning, operating, managing and developing luxury hotels and resorts under “The Leela” brand in India.
Average Trading Volume: 19,093
Technical Sentiment Signal: Strong Buy
Current Market Cap: 148.7B INR
See more insights into THELEELA stock on TipRanks’ Stock Analysis page.