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Leela Palaces Hotels reports Rs 2,488.896 crore of IPO proceeds utilized per ICRA
31-Jul-2026, 05:13
Leela Palaces Hotels & Resorts Limited, formerly Schloss Bangalore Limited, reported that the utilization of proceeds from its initial public offering is in line with the objects of the issue, according to a monitoring agency report released July 31, 2026, by ICRA Limited. The report, which covers the quarter ended June 30, 2026, noted that Rs 2,488.896 crore has been utilized, with Rs 2.796 crore remaining in the monitoring account.
Leela Palaces Hotels & Resorts Limited, formerly Schloss Bangalore Limited, reported that the utilization of proceeds from its initial public offering is in line with the objects of the issue, according to a monitoring agency report released July 31, 2026, by ICRA Limited. The report, which covers the quarter ended June 30, 2026, noted that Rs 2,488.896 crore has been utilized, with Rs 2.796 crore remaining in the monitoring account.