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Schloss Bangalore Ltd. ( (IN:THELEELA) ) has issued an update.
Leela Palaces Hotels & Resorts Limited has disclosed that its material subsidiary, Schloss Chanakya Private Limited, received a favourable transfer pricing order from the Assistant Commissioner of Income Tax, Transfer Pricing, Delhi for assessment year 2023-24. The Transfer Pricing Officer determined that the international transactions undertaken by the subsidiary in FY 2022-23 were at arm’s length, concluding that no adverse inference was warranted and no transfer pricing adjustment, compensation, or penalty was required, resulting in no adverse financial impact on the company.
More about Schloss Bangalore Ltd.
Leela Palaces Hotels & Resorts Limited, formerly known as Schloss Bangalore Limited, operates in the hospitality sector, managing luxury hotels and resorts under The Leela brand. The company focuses on premium accommodations and services targeting upscale domestic and international travelers and corporate clients in India’s high-end hospitality market.
Average Trading Volume: 17,276
Technical Sentiment Signal: Strong Buy
Current Market Cap: 143.1B INR
For a thorough assessment of THELEELA stock, go to TipRanks’ Stock Analysis page.