Cash-strapped hospitality chain Hotel Leelaventure defaults on payment of quarterly interest to LIC
• 7 years agoHotel Leelaventure said its operating cash flows are not sufficient to service its term loans and NCDs
Cash-strapped Hotel Leelaventure defaults on payment of quarterly interest of Rs 2.12 crore to LIC
• 7 years agoHotel Leelaventure, which currently has a debt of over Rs 3,600 crore, had issued secured redeemable non-convertible debentures on private placement basis aggregating to Rs 90 crores to LIC in December, 2008.
Hotel Leelaventure in talks to sell 326-room property in Chennai
• 8 years agoLocated at Adyar Sea Face in the city, the Leela Palace Chennai has a capacity of 326 guest rooms.
Hotel Leelaventure goes all out to cut Rs 5000 cr debt, sells Goa property for Rs 725 cr
Fp Archives • 10 years agoAs per the terms of a Corporate Debt Restructuring (CDR) package, the company had to reduce its debts through sale of assets
Sensex rebounds; IT stocks up; KFA up 5% after co pays salaries
Fp Staff • 12 years agoSensex closed at 19635.72, up 0.69 percent and the Nifty closed at 5939.70, up 0.70 percent.
Will Nair's daughters take charge of Leela's massive debt?
Fp Staff • 13 years agoHotel Leela is sitting a debt of Rs 4,295 crore.Will Captain Nair's daughters manage to turn the tide around?