Leela Hotels plans Rs 2,500 crore IPO to reduce debt and expand operations
Leela Hotels, a luxury hospitality chain, is planning an initial public offering. The company aims to raise funds to repay its debt. The promoter group's stake will decrease after the IPO. Leela Hotels has shown revenue growth. The company operates several hotels and resorts under 'The Leela' brand. They plan to launch new hotels by 2028.