Shareholding2 Jul 2026, 03:33 pm
Leela Palaces Promoters Pledge 55.91% Stake
AI Summary
Leela Palaces Hotels & Resorts Ltd announced that its promoters, Project Ballet Bangalore Holdings (DIFC) Pvt Ltd and others, have created a pledge over 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, acting as the Onshore Security Agent. The encumbrance is a result of covenants entered into under a facility agreement dated September 19, 2025, with various lenders. This disclosure is made in accordance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Key Highlights
- Promoters pledged 55.91% of Leela Palaces shares.
- Total of 18,67,06,528 shares encumbered.
- Pledge created on June 24, 2026, effective July 1, 2026.
- Disclosure made under SEBI Takeover Regulations.
- Related to a facility agreement with multiple lenders.
Price Impact
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