Shares of hospitality chain Hotel Leelaventure gained as much as 5 per cent intra-day on Tuesday on completion of Rs 725-crore sale of its Goa property to Ceres Hotels.
At 11.15 am, the share price of Hotel Leelaventure were up 3.46 per cent on BSE and 3.73 per cent on NSE at Rs 20.95 and Rs 20.85, respectively. Later, the share price of the company closed 3.70 per cent up at Rs 21.
Affirming the sale of ‘The Leela, Goa’, Hotel Leelaventure said in a BSE filing, “The shareholding of the company shall remain unaffected”.
In the past one year, the share price of Hotel Leelaventure dropped 4.70 per cent to Rs 20.25 on December 14. Sensex fell around 8 per cent during the same period.
The promoters holding in the company stood at 63.88 per cent while institution and non-institutions held 5.66 per cent and 30.46 per cent respectively.
Hotel Leelaventure operates hotels and resorts in India. It also operates spas; and offers facilities for meetings and events, weddings, and social celebrations. The company’s portfolio includes luxury hotels and resorts primarily in Mumbai, Bangalore, Goa, Kovalam, Gurgaon, and Udaipur.