Hotel Leelaventure is currently trading at Rs. 38.35, up by 0.25 points or 0.66% from its previous closing of Rs. 38.10 on the BSE.
The scrip opened at Rs. 39.25 and has touched a high and low of Rs. 39.80 and Rs. 37.70 respectively. So far 38,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 58.70 on 11-Oct-2010 and a 52 week low of Rs. 34.10 on 10-Feb-2011.
Last one week high and low of the scrip stood at Rs. 43.70 and Rs. 37.70 respectively. The current market cap of the company is Rs. 1,487.00 crore.
The promoters holding in the company stood at 55.30% while Institutions and Non-Institutions held 8.65% and 36.05% respectively.
Hotel Leelaventure has signed a memorandum of understanding (MoU) with Travancore Enterprises (TEPL), to sell its luxury hotel property in Kovalam, Kerala to Travancore Enterprises (TEPL) for Rs 500 crore, in an effort to reduce its debt. The sale will be structured in such a manner that Leelaventure will transfer the hotel undertaking to a special purpose vehicle (SPV), which will be then acquired fully by TEPL.
Pursuant to such transfer of undertaking to the SPV, TEPL shall acquire 100% of the shares of such SPV from Leela for a total cash consideration of Rs 500 crore. Leelaventure said the deal was pursuant to the decision of the board to pursue an 'Asset Light Strategy' to reduce its debt.
The company’s debt is currently estimated at Rs 3,950 crore. It has been looking to raise funds through sale of land and promoter equity to repay debt. The hospitality chain has been holding talks with 2-3 private equity players to raise up to Rs 600 crore.
The company is also actively reviewing proposals for other Management Contracts in other parts of the Country.
| Company Name | CMP |
|---|---|
| Indian Hotel | 781.90 |
| EIH | 393.30 |
| Chalet Hotels | 849.15 |
| Mahindra Holi.&Resor | 334.80 |
| Lemon Tree Hotels | 140.65 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Don't miss out! First 10 users today get it FREE
With this 4 hrs Masterclass, you’ll be able to:
Download APP
