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Leela Palaces Hotels plans to invest up to Rs 185,00,00,000 in a Buildminds subsidiary for an Ayodhya hotel
10-Aug-2026, 12:32
Leela Palaces Hotels & Resorts Limited plans to invest up to Rs 185,00,00,000 in Buildminds Real Estate Private Limited, a subsidiary of the company, through Compulsorily Convertible Preference Shares, to fund the construction of a 5-star hotel in Ayodhya. The investment will be made in one or more tranches over one or more years and does not represent a change in management control or economic interest in Buildminds, which was incorporated on April 23, 2024, and has a registered office in Mumbai.
Leela Palaces Hotels & Resorts Limited plans to invest up to Rs 185,00,00,000 in Buildminds Real Estate Private Limited, a subsidiary of the company, through Compulsorily Convertible Preference Shares, to fund the construction of a 5-star hotel in Ayodhya. The investment will be made in one or more tranches over one or more years and does not represent a change in management control or economic interest in Buildminds, which was incorporated on April 23, 2024, and has a registered office in Mumbai.