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Hotel Leelaventure in talks to sell Chennai property

2017-06-02 moneycontrol
Hotel Leelaventure today said it is in discussions to sell Leela Palace Chennai but has not signed any pact for the sale.

Ashok Leyland, BEML, IOC, Cipla results

2017-05-24 thehindubusinessline
About 100 firms will announce their Q4 and FY results ended March 2017 on Thursday. Among them are Ashok Leyland, Bajaj Hindusthan, Britannia, Bosch, BEML, BF Utilities, Cipla, Concor, Gokul Refoils, Greenlam, GSPL, Excel Crop, Heidelberg, Hotel Leelaventure, IOC, MEP Infra, MphasiS, Manappuram Fin, NMDC, PC Jeweller, Page Industries, Phillips Carbon, Repco Home, Shriram City Union, Thomas Cook, VST Tillers, VA Tech Wabag and West Coast Paper.

Leela refutes AAI stand on land lease agreement

2017-02-14 moneycontrol
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Hotel shares may come under pressure

2017-01-02 thehindubusinessline
Shares of hospitality firms, such as EIH, Indian Hotels, Hotel Leelaventure, Taj GVK Hotels, Speciality Restaurants, Advani Hotels, Kamat Hotels and others may feel pressure on the service charge proposal. The Union Government on Monday said paying service charge on food bills is not compulsory and customers can choose to have it waived if not satisfied with the experience. Restaurants generally charge service charge in the range of 5-20 per cent.

Hotel Leelaventure announces resignation of director

2016-11-29 indiainfoline is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

No let-up in FPI selling; 353 stocks hit the lower circuit

2016-11-21 thehindubusinessline
There is no respite in selling by foreign institutional investors. Their fury took a heavy toll on several mid- and small-cap stocks, many of which are at 52-week lows.

Hotel Leelaventure trimps Q2 net loss to Rs 45.73 crore

2016-11-11 business-standard
Hotel Leelaventure today reported narrowing of its standalone net loss to Rs 45.73 crore for the second quarter ended September 30, 2016. The company had posted a net loss of Rs 55.81 crore for the July-September quarter of the previous financial year, Hotel Leelaventure said in a BSE filing.

Leela to challenge High Court order on Rs 258 crore royalty to AAI

2016-11-08 business-standard
BSE listed hotel company Leela will consider challenging an order of Delhi High Court asking it to pay Rs 258 crore to Airport Authority of India (AAI). It may approach the Supreme Court against the order directing it to pay the amount (to AAI) as royalty for possession of the latter's property near the Mumbai international airport. "The company is exploring legal options, including moving the Supreme Court," Hotel Leelaventure told BSE.

Lenders may have prompted Leela chairman to forgo salary

2016-10-12 business-standard
Salaries of Hotel Leelaventure chairman and co-chairman last year were reduced to less than one-tenth compared to the salaries drawn by them two years ago as creditors tighten noose around the company.

Lenders ask Leela Chairman to forego salary

2016-10-12 business-standard
Salaries of Hotel Leelaventure chairman and co-chairman last year were reduced to less than one-tenth compared to the salaries drawn by them two years ago as creditors tighten noose around the company.

Leelaventure seeks revaluation of stressed assets

2016-09-20 thehindubusinessline
As the disinvestment process gathers steam for Hotel Leelaventure’s properties in Chennai and Delhi, the hotel’s Chief Managing Director is working on a fresh proposal to get the right valuation for his assets.

Stocks in news: Hotel Leela, Castrol, JSW Energy, Jubilant Food

2016-09-20 moneycontrol
Infosys | Dr Reddy's Labs | Hotel Leelaventure | Edelweiss Financial | Castrol India | Reliance Infrastructure | NBCC | Mangalam Cement | Lloyd Electric | GTL Infrastructure | NTPC | JSW Energy | Jubilant FoodWorks | United Breweries Holdings and McDowell Holdings are stocks, which are in the news today.

Hotel Leelaventure clocks 3% gain on the bourses

2016-08-23 indiainfoline
The company said in a notice to BSE that it has sought shareholder approval to sell its properties The Leela Palace Delhi and The Leela Palace Chennai to pare debt.

Leela seeks shareholders' nod to sell Chennai, Delhi properties

2016-08-23 moneycontrol
The company, which sold its Goa hotel in September last year, has sought approval from its share holders "for commencement of process of sale of certain undertaking of the company i.e. The Leela Palace, Chennai and/or The Leela Palace, New Delhi."

Leela seeks shareholder nod to sell Chennai, Delhi hotels

2016-08-22 business-standard
Loss-making luxury hotel company Hotel Leelaventure is seeking shareholder's nod to sell Chennai and Delhi properties in a desperate bid to reduce its mounting debt.

Results to watch out for! Tech Mahindra, Tata Communications, Piramal Enterprises in focus

2016-08-01 indiainfoline
The results which are expected today are Tech Mahindra, Tata Communications, Blue Star, Delta Corp, Greaves Cotton, Hotel Leelaventure,Piramal Enterprises, VRL Logistics,

15 failed recasts swell bank NPAs by Rs 9,000 cr

2016-07-26 financialexpress
Non-performing assets (NPAs) for a clutch of banks have risen by about R9,000 crore in the three months to June solely on account of 15 failed recasts, reports Shayan Ghosh in Mumbai. Among the larger recasts to have failed were those of Arch Pharmalabs (R2,200 crore), ARSS Infrastructure Projects (R1,300 crore) and Surana Corporation (R1,100 crore). In 2015-16, the total value of failed restructurings was R31,557 crore, data from the corporate debt restructuring (CDR) cell show.

Taj, Leela sell assets to get lighter

2016-07-24 business-standard
At least a fourth of the Rs 4,700-crore net debt of Tata-owned Indian Hotels Company (IHCL) is expected to be wiped out, following consecutive asset sales by the company. A near-total equity exit from the Bermuda-based Belmond (formerly Orient Express Hotels) and monetisation of a 90-year-old property in Boston has earned IHCL Rs 1,250 crore, about 12 times its profit before tax of Rs 102 crore last year.

Delhi HC directs Hotel Leela to pay Rs 258 crore to AAI

2016-07-18 business-standard
The Delhi High Court has directed Hotel Leelaventure to pay Airports Authority of India (AAI) arrears of Rs 258 crore in relation to the land leased by the airport operator near Mumbai airport.

Tata Communications, Tata Global Beverages among 9 stocks in focus today

2016-06-28 financialexpress
Domestic benchmark indices BSE Sensex and NSE Nifty are likely to open in red on Tuesday on account of weak global markets. Equity markets on Monday traded in a tight band by ending with marginal gains amid mixed global cues. There was an element of choppiness too ahead of the June derivative contract expiry coming up on Thursday. The 30-share Sensex closed at 26,402.96, a marginal rise of 5.25 points, or 0.

Hotel Leela to sell Hyderabad land this year

2016-06-27 business-standard
Beleaguered firm Hotel Leelaventure hopes to monetise its 3.85 acre land in Hyderabad’s Banjara Hills later this year after efforts to build a luxury hotel could not materialise. The land sale could fetch the loss-making company around Rs 150 crore enabling it to bring down its debt burden which as of last financial year is estimated to have stood at Rs 4,500 crore. The Mumbai-based company has also commenced work on developing high-end residences next to the Leela Palace, Bengaluru where apartments are presently being sold.

Hotel Leelaventure adopting asset-light strategy for growth

2016-06-27 financialexpress
Hospitality firm Hotel Leelaventure is adopting an asset-light strategy for future growth with more properties being taken under the management contract model.

Hotel Leelaventure adopting asset-light strategy for growth

2016-06-27 moneycontrol
Hospitality firm Hotel Leelaventure is adopting an asset-light strategy for future growth with more properties being taken under the management contract model

Leela loses prime assets to retire debt

2016-06-07 thehindubusinessline
Build it and they will come: that high-on-optimism aphorism could well serve as the corporate philosophy of the Leela Group of hotels, as exemplified by the life of the legendary CP Krishnan Nair, the group’s founder.

Leela Group signs pact with Qatar firm; Hotel Leelaventure clarifies

2016-06-06 indiainfoline
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