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Hotel Leela promoters hike stake, equity dilution delayed

Hotel Leelaventure promoters have hiked stake in the company by over 1% in the first few months of the fiscal as they look to increase holding to 60%, even as their plan to dilute nearly 15% of their equity has been delayed. The promoters have increased their holding to 56% from 54.61% as on March 31, 2011 with a group firm, Leela Lace Software Solutions acquiring the additional equity from open market. "In this fiscal, the promoters have acquired 1% additional equity through a group firm, Leela Lace Software Solutions," Hotel Leelaventure Director Finance and CFO Krishna Deshika ...