DSIJ Mindshare

Hotel Leela Venture to sell five assets, stock hits upper circuit

Amir Shaikh 0 1169 Article rating: 5.0

Hotel Leela, an Indian luxury hospitality group, has entered into a binding agreement with a Brookfield Asset Management sponsored private real estate fund, to sell four hotels by way of slump sale. The deal is subject to the approval of shareholders, lenders and other regulatory and statutory bodies.

Index trend and stocks in action March 19, 2019

DSIJ Intelligence-3 0 1630 Article rating: 5.0

Going ahead, Tuesday’s opening levels and trajectory post opening would be extremely crucial for the index. If the index slips below the Monday’s session low of 11,412 and trades convincingly below this level, then there is high probability that Monday’s high point of 11,530 would become a temporary top for the index. Stocks in news: HCL Technologies, LT, Reliance Industries, Orbit Exports, Aarti Industries, Hotel Leelaventure, Adani Ports, Vakrangee and Canara Bank.

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