Leela Palaces Hotels & Resorts Invests INR 231.2 Crores in Wholly Owned Subsidiary Leela Luxe Hotels & Resorts

Leela Palaces Hotels & Resorts Ltd. has approved an investment in its wholly owned subsidiary, Leela Luxe Hotels & Resorts Private Limited (LLHRPL). The Company acquired 2,31,20,000 equity shares of LLHRPL at a price of INR 100 per share, including a premium of INR 90 per share. The total consideration for the investment is INR 2,31,20,00,000. The investment is made for strategic initiatives, development, expansion, refurbishments, and other capital expenditure outside the main line of business of the listed entity. LLHRPL operates in the hospitality sector and was incorporated in India on November 28, 2025. There has been no change in the shareholding of the Company in LLHRPL, which continues to be a wholly owned subsidiary.