Shareholding3 Jul 2026, 10:21 am
Leela Palaces Promoters Pledge 55.91% Stake
AI Summary
Leela Palaces Hotels & Resorts Ltd's promoters, Project Ballet Bangalore Holdings (DIFC) Pvt Ltd and others, have created an encumbrance by pledging 18,67,06,528 shares, representing 55.91% of the company's total share capital. This action is pursuant to a pledge agreement dated June 24, 2026, executed with Catalyst Trusteeship Limited as the Onshore Security Agent. The encumbrance is a result of covenants agreed under a facility agreement dated September 19, 2025, with various lenders, including Deutsche Bank AG. This disclosure is made under Regulation 31 of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Key Highlights
- Promoters pledge 55.91% stake in Leela Palaces Hotels & Resorts.
- 18,67,06,528 shares encumbered via pledge agreement.
- Action follows facility agreement with multiple lenders.
- Disclosure made under SEBI Takeover Regulations.
- Catalyst Trusteeship acts as Onshore Security Agent.
Price Impact
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