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Board of Hotel Leela Venture reiterates resolution to sell properties to Brookfield

Capital Market 

At meeting held on 10 August 2019

The Board of Hotel Leela Venture at its meeting held on 10 August 2019 has resolved that the resolutions passed by the Board at its meeting held on 18 March, 2019 for the sale of the Company's (a) hotel undertakings in Delhi, Bengaluru, Chennai and Udaipur (b) hotel operations business, and (c) 100% shareholding in Leela Palaces and Resorts (its wholly-owned subsidiary) which owns property and holds licenses for the development of a hotel in Agra, to BSREP III India Ballet or its affiliates (Brookfield) continue to remain valid and subsisting.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, August 10 2019. 17:59 IST
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