INSUBCONTINENT EXCLUSIVE:
Hotel Leelaventure went up over 3 per cent today as its board approved an enabling resolution that allows it to transfer a majority stake to
three foreign entities to find a solution to its debt problem.
The scrip was up 3.13 per cent at Rs 18.10 at around 9.40 am
The BSE Sensex was up 17 points, or 0.05 per cent, at 35,500.
The Mumbai-based company on Monday said its board approved the enabling
resolution to issue up to 125 crore shares in one or more tranches to JM Financial ARC, which currently holds most of its debt
Capital at its board meeting, stating that they are assessing the debt situation
