Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
An announcement from Schloss Bangalore Ltd. ( (IN:THELEELA) ) is now available.
Leela Palaces Hotels & Resorts Limited has incorporated a new wholly owned subsidiary, Leela Essence Hospitality Private Limited, which is registered in Delhi and belongs to the hotels and resorts industry. The subsidiary has an authorised share capital of INR 5,00,000 and an initial paid-up capital of INR 1,000, fully subscribed in cash by the parent company and its nominee shareholders.
Leela Essence has been set up to own, operate, manage and develop luxury hotels and resorts under “The Leela” brand, aligning fully with the company’s core business. While Leela Essence is yet to commence commercial operations, the move signals an expansion-oriented, brand-focused corporate structure that could support future growth, new properties or projects, and a clearer segregation of assets within the Leela group, with potential implications for investors tracking the company’s development pipeline and strategic positioning in India’s luxury hospitality market.
More about Schloss Bangalore Ltd.
Leela Palaces Hotels & Resorts Limited, formerly known as Schloss Bangalore Limited, operates in the hotels and resorts industry, focusing on owning, operating, managing and developing luxury hotels and resorts under “The Leela” brand. The company targets the premium and luxury hospitality segment in India, leveraging its flagship Leela Palace properties and related upscale offerings to strengthen its position in the high-end hospitality market.
Average Trading Volume: 22,933
Technical Sentiment Signal: Hold
Current Market Cap: 137.3B INR
See more data about THELEELA stock on TipRanks’ Stock Analysis page.