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Leela Hotels Bulk Deal: Hong Kong Firm Buys Shares Worth Rs 73 Crore On Listing Day

  • Hong Kong-based investment company Ward Ferry Management acquired shares of Leela Hotels operator Schloss Bangalore Ltd. through WF Asian Reconnaissance Fund on the listing day.
  • WF Asian Reconnaissance Fund bought nearly 17 lakh shares of Schloss Bangalore at Rs 434.13 apiece, amounting to Rs 73 crore.
  • Leela Hotels stock closed at Rs 435.55 on the NSE, resulting in a premium of 6.85% on its IPO price.
  • The IPO of Schloss Bangalore was subscribed 4.5 times on its final day, led by demand from institutional buyers, with the retail investor portion remaining undersubscribed.

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