Hotel Leela to allot shares to promoter Co

Will allot shares of upto Rs 100 crore to rockfort Estate Developers

Shareholders of Mumbai-based luxury hotel company Hotel Leelaventure have approved the allotment of shares of upto Rs 100 crore to Rockfort Estate Developers, a promoter group entity on preferential basis. The applicable price per share is Rs 19.72 as per SEBI ICDR Regulations and the total allotment will be 50,709,939 equity shares.