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Bloomberg Quint

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Image Credit: Bloomberg Quint

Leela Hotels Operator Schloss Bangalore Raises Rs 1,575 Crore From Anchor Investors Ahead Of IPO

  • Schloss Bangalore, operator of The Leela luxury hotel, raised Rs 1,575 crore from anchor investors at Rs 435 per share.
  • The IPO will have fresh equity shares of Rs 2,500 crore and offer for sale worth Rs 1,000 crore.
  • Domestic institutional investors like HDFC MF, ICICI Prudential MF, and global investors participated in the anchor book.
  • Schloss Bangalore plans to allocate Rs 2,300 crore from IPO proceeds for debt repayment and general corporate purposes.

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