Hotel Leela Venture is currently trading at Rs 30.40, up by 1.10 points or 3.75% from its previous closing of Rs 29.30 on the BSE.
The scrip opened at Rs 30.00 and has touched a high and low of Rs 31.90 and Rs 30.00 respectively. So far 363235 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 40.30 on 16-Feb-2012 and a 52 week low of Rs 27.05 on 04-Sep-2012.
Last one week high and low of the scrip stood at Rs 30.30 and Rs 29.30 respectively. The current market cap of the company is Rs 1274.79 crore.
The promoters holding in the company stood at 59.77% while Institutions and Non-Institutions held 7.07% and 33.16% respectively.
Reliance Industries (RIL) is, reportedly, all set to acquire Hotel Leelaventure’s business park in Chennai to house its headquarters for its much-awaited 4G operations. The two companies are soon expected to ink the deal for Rs 172 crore. The Leela business park has been chosen for housing RIL’s 4G operations, due to its close proximity to the sea, which would help the company in laying down the undersea cables. The Leela business park is part of the 6-acre land that also houses 11-storeyed hotel - the Leela Palace with 326 rooms and suites.
RIL plans to invest $10 billion on rolling out its 4G network across the country, a move that the company has been gearing up for ever since its subsidiary, Infotel Broadband (IBSL), won a license in 2010 to offer such services nationally. IBSL is the only company in the country to have 20 Mhz of pan-India airwaves that it can use for providing 4G services.
However, Hotel Leela venture has clarified that it has not yet entered into any definitive agreements for sale of the property either with Reliance Industries (RIL) or any other party. Further, it stated that the company and its senior management continue to evaluate proposals and will make announcement to the Stock Exchanges and investors as and when appropriate
| Company Name | CMP |
|---|---|
| Indian Hotel | 810.40 |
| EIH | 396.65 |
| Chalet Hotels | 892.45 |
| Mahindra Holi.&Resor | 387.90 |
| Lemon Tree Hotels | 132.90 |
| View more.. | |
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