Leela Palaces Hotels & Resorts Share Pledge
Promoters of Leela Palaces Hotels & Resorts have created a pledge over 18.67 crore shares, representing 55.91% of the company's equity share capital.
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Promoters of Leela Palaces Hotels & Resorts have created a pledge over 18.67 crore shares, representing 55.91% of the company's equity share capital.
Leela Palaces Hotels & Resorts reported a lien on 6,67,91,576 promoter shares. The encumbrance by Project Ballet Bangalore Holdings is held by Deutsche Bank AG.
Leela Palaces promoters pledged 55.91% of shares via a pledge agreement. The move secures financing, with the pledge held by Catalyst Trusteeship Limited.
Catalyst Trusteeship Ltd created a pledge over 55.91% of Leela Palaces' shares to secure a $500 million loan, equating to ₹4,700 Crore. The pledge secures the facility for the promoters.