Leela Palaces Hotels delivered strong Q4 performance with net profit rising 46.3% YoY to ₹171.7 crore. Revenue grew 14% to ₹484.4 crore, while EBITDA increased 17.3% to ₹265.7 crore. Margins improved to 54.9%, reflecting operational strength.
IHCL takes an exit from TAJ GVK Hotels. Shalini Bhupal acquires 25% stake for 592 crores
The Leela currently has a total of 3,553 keys in its portfolio, spread across 13 in operation properties, including palace hotels, hotels and resorts.
The demerger is estimated to take 10 to 12 months to complete, depending on clearances from shareholders, stock exchanges, and SEBI.
Easy Trip Planners expanded into medical tourism by acquiring 30% of Rollins International for ₹60 Crore.
The hotel will have 80 rooms, a restaurant, a rooftop lounge bar, a swimming pool, a fitness facility, banquet spaces and other common facilities.
The decision was made to split each existing equity share with a face value of ₹10 into five equity shares of ₹2 each.
Popeyes India has gotten a positive response from Indian customers.
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