Latest News Site

News

ITC bungs in monkey wrench in Leela deal

ITC bungs in monkey wrench in Leela deal
April 23
11:09 2019

New Delhi, April 23 : In the ongoing hot button Hotel Leela Venture takeover drama, shareholder ITC has moved National Company Law Tribunal against the company alleging “oppression and mismanagement”.

ITC’s current plea was mentioned before the Mumbai bench of the NCLT, which has posted the matter for hearing on April 24, Hotel Leelaventure said in a regulatory filing.

ITC, along with the petition has also filed two applications seeking waiver of the requirement of minimum threshold of 10 per cent shareholding.

As per the latest information available on bourses, ITC holds a total of 7.92 per cent share stake in Hotel Leelaventure.

Shares of Hotel Leelaventure Ltd were trading at Rs 10.46 on the BSE during afternoon trade, down 0.38 per cent from its previous close.

IANS

 

Initial euphoria of nationalism on way out in Bihar?

G.E.L Shop Association
kallu
Novelty Fashion Mall
Fly Kitchen
Harsha Plastics
Status
Tanishq
Akash
Swastik Tiles
Reshika Boutique
Paul Opticals
Metro Glass
Krsna Restaurant
Motilal Oswal
Chotanagpur Handloom
Kamalia Sales
Home Essentials
Raymond

About Author

admin_news

admin_news

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment

Sponsored Ad

SPONSORED ADS SPONSORED ADS SPONSORED ADS

LATEST ARTICLES

    Rosatom completes equipment supply for 3rd Kudankulam power plant

Rosatom completes equipment supply for 3rd Kudankulam power plant

0 comment Read Full Article

Subscribe to Our Newsletter