Leela Hotels plans Rs 2,500 crore IPO to reduce debt and expand operations
ET Intelligence Group: Schloss Bangalore (Leela Hotels), a pure-play luxury hospitality chain in India, plans to raise ₹2,500 crore through an issue of fresh shares to repay debt and ₹1,000 crore through an offer for sale. The promoter group’s stake will fall to 75.9% after the initial public offering from 100%. The company owns and…