Shareholding3 Jul 2026, 10:37 am
Leela Palaces Promoters Pledge 55.91% Stake
AI Summary
Leela Palaces Hotels & Resorts Ltd announced that its promoters, including 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, for the benefit of various lenders. The encumbrance is a direct pledge over the shareholding, following covenants agreed upon in a facility agreement dated September 19, 2025. This disclosure is made in compliance with SEBI (SAST) Regulations, 2011.
Key Highlights
- Promoters pledge 55.91% stake in Leela Palaces Hotels & Resorts.
- Total of 18,67,06,528 shares encumbered via pledge agreement.
- Action follows a facility agreement and is for benefit of lenders.
- Disclosure made as per SEBI (SAST) Regulations, 2011.
Price Impact
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