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Hotel Leela shares gain 3.5 pc on pact with Qatar firm

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Press Trust of India Mumbai
Shares of Hotel Leelaventure went up by 3.5 per cent today after Qatar's leading company Al Sawari Holding signed agreements with The Leela Group and Aiana Hotels and Resorts to build a twin-hotel near the iconic Taj Mahal.

The stock climbed 3.50 per cent to settle at Rs 17.75 on BSE. During the day, it surged 6.12 per cent to Rs 18.20.

At NSE, shares of the company gained 3.2 per cent to close at Rs 17.70.

In an agreement entailing an FDI of Rs 500 crore in India, Qatar's leading company Al Sawari Holding yesterday signed agreements with The Leela Group and Aiana Hotels and Resorts to build a twin-hotel near the iconic Taj Mahal.
 

Construction of the hotel in Agra will entail an FDI of about Rs 500 crore, Leela Group Chairman Vivek Nair told PTI after signing the pact with Sheikh Faisal bin Qassim Al Thani, Chairman of Al Sawari Holding and Al Faisal Holding.

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First Published: Jun 06 2016 | 8:29 PM IST

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