Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Further Investment in Leela Luxe Hotels & Resorts Private Limited, a wholly owned subsidiary of Leela Palaces Hotels & Resorts Limited ( the Company )
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Leela Palaces Hotels & Resorts has invested INR 231.2 crores in its wholly owned subsidiary Leela Luxe Hotels & Resorts Private Limited (LLHRPL) by subscribing to a rights issue of 2.31 crore equity shares at INR 100 per share (including a premium of INR 90). LLHRPL was incorporated in November 2025, operates in the hospitality sector, and has no turnover yet. The funds are intended for strategic initiatives including acquisitions, development, expansion, refurbishments, capex, working capital, and general corporate purposes of the subsidiary. Since LLHRPL was already a wholly owned subsidiary, there is no change in the company's shareholding, which remains at 100%. The transaction was completed on March 16, 2026 in cash.
This is an internal capital infusion into a subsidiary, not an external acquisition, so there is no change in group ownership or consolidation structure. It signals the company's intent to expand and invest in new hotel assets through its newly formed subsidiary, which could support long-term growth in the hospitality business.