Leela Palace Hotels & Resorts Ltd has announced an investment of Rs 231 crore into wholly owned subsidiary Leela Luxe Hotels & Resorts Pvt., as per an exchange filing on Monday.
"Board of Directors of the Company (constituted pursuant to proviso 1 to Section 179(3) of the Companies Act, 2013), at its meeting held today i.e. March 16, 2026, has, inter alia, approved an investment in Leela Luxe Hotels & Resorts Private Limited (“LLHRPL”), a wholly owned subsidiary of the Company, and execution of documents in relation thereto," the filing stated.
It highlighted that 2.31 crore shares of LLHRPL will be allotted to the parent company 'The Leela' hotels for an aggregate consideration of Rs 231 crore, adding that "2,31,20,000 (Two Crore Thirty-One Lakhs Twenty Thousand) equity shares of LLHRPL are allotted for an aggregate consideration of INR 2,31,20,00,000/- (Indian Rupees Two Hundred and Thirty-One Crores and Twenty Lakhs only) in the aforesaid rights issue."
Moreover, LLHRPL has also agreed to buy business undertaking from Pai Vista Hotels. The size of the agreement is Rs 560 crore.
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Leela Palace Q3FY26
Leela Palaces Hotels & Resorts Ltd has reported its highest ever quarterly revenue at Rs 457.4 crore in the third quarter of FY26. Strong revenue growth more than doubled the company's net profit to Rs 147.88 crore for the quarter ended December, from Rs 56.40 crore a year ago. Moreover, its total expenses also rose to Rs 219.60 crore, from Rs 183.51 crore a year ago.
Leela Palace Hotels Share Price
The stock of Leela Palace Hotels ended 3.77% lower at Rs 415.90 apiece on the NSE on Monday. This compared to 1.11% advance in the Nifty index. The share price has fallen 4.07% year-to-date.
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