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strict action against guilty underwayBastar Region to Witness All-Round Development: Chief Minister Vishnu Deo SaiMaharashtra civic election results LIVE: BJP-Sena combine takes lead in BMC; Results show NDA’s bond with the people, says PM ModiA decisive step towards giving Chhattisgarh’s literary consciousness national recognitionIndian youth, entrepreneurs focused on solving real problems; Startup India now a revolution: PMBPCL Leads Nationwide Push to Expand PNG and CNG AdoptionHarvest Gold Becomes Official Breakfast Partner for Delhi Capitals Women's Team in 2026Campus Enters Athleisure Apparel, Extends Canvas of Self-Expression for YouthMpower Youthopia Sets World Record with Largest Student-Led Mood ParadeAzim Premji University Establishes its Third Campus in Ranchi to Strengthen Higher Education in Jharkhand and the Eastern RegionIran’s Nationwide Protests Appear Smothered After Crackdown, Internet OutageIrregularities in Paddy Procurement at Support Price, Action Taken Against 38 EmployeesMaharashtra civic polls see around 50 pc turnout, row over ink removal from fingersChhattisgarh earns Rs 10 345 cr mineral revenue till December eyes Rs 17 000 cr in FY 2025-26- Secretary of Mineral Resources, P. DayanandNew Record in Paddy Procurement: ₹23,448 Crore Transferred to Accounts of 17.77 Lakh Farmers by January 13Melento and Forrester Release Strategic 2026 CLM Insight Report Defines the next era of contract lifecycle management as intelligent, data-driven and enterprise-wideKORA by Nilesh Mitesh Opens Its Third Store in Tamil Nadu at Anna Nagar, ChennaiInternational Rover Challenge and Space Drone Challenge 2026 to Be Held at Manipal Institute of Technology, ManipalBajaj General Insurance Introduces Fetal Flourish – A Pioneering Fetal Health Insurance Offering Priced at an Affordable Premium of INR 1025FLAsia 2026, Asia's Leading Franchising and Licensing Show, Returns with New Vision at the HelmIndia turned its diversity into strength of its democracy: PM ModiSC To Hear ED Plea Against West Bengal, MamataVoting begins for high-stakes civic polls in Maharashtra; all eyes on big battle for MumbaiModi: Amrit Bharat Trains will Boost Trade, Tourism in WB, AssamI-PAC raids: Cal HC disposes of TMC’s petition, adjourns ED’s applicationMoisture Loss and Pest-Related Damage in Paddy Storage: A Scientific and Natural ProcessProbationary Officers of Indian Forest Service 2024 Batch Pay Courtesy Call on Chief Minister Shri Vishnu Deo Sai'Fans Reimagined': Signify Unveils Its Latest Ecolink Campaign with Rashmika MandannaThe Hindu Lit For Life 2026 Returns to Chennai on January 17 & 18Esri India and TERI SAS Ink Pact to Advance Geospatial Education and ResearchZebPay Introduces SIPs to Promote Disciplined, Long-Term Bitcoin InvestingUniversity of Aberdeen Opens Admissions for First Mumbai Campus Cohort; Launches Pioneer Scholarship of Rs. 2 Lakh for All Students Applying by Jan 31PM Modi greets nation on Makar Sankranti, Magh Bihu, UttarayanBlinkit drops ’10-minute delivery’ claim; Swiggy, Zepto may follow suitStrategic Communication and AI to Give Public Relations a New DimensionContinuous dialogue, development, and expansion of basic amenities in the Bastar region will strengthen public trust: Chief Minister SaiEight youth and one organisation from the state receives the Chhattisgarh Yuva Ratna AwardChief Minister Vishnu Deo Sai is holding a high-level review meeting focused on the overall development of the Bastar regionMother Receives Degree Alongside Her Daughter at Vivekananda Global University's 9th Convocation, Inspires ThousandsNew Report Identifies USD 220 Billion Economic Opportunity from Clean Air Action in IndiaLucknow's One-of-Its-Kind AI-Powered Luxury Villas Set a New Benchmark for Tier-2 LivingFrom Touch to Voice to Motion: Flam AI Rewrites the Rules of Brand Engagement in 2025Arun Subramanian: an Indian judge who dealt a blow to Trump, overturning a major government decision
Wed. Jan 21st, 2026

Luxury hotel chain Leela Palaces is preparing to bring IPO, know the update

Luxury hotel chain Leela Palaces, Hotels and Resorts is preparing to launch its Initial Public Offering ( IPO). The company may soon file a draft paper in other words Draft Red Herring Prospectus (DRHP) with the Securities Exchange Board of India – SEBI for the IPO.

According to media reports, the company is planning to raise Rs 5,000 crore from the public issue. With this size, it will be the largest IPO in the country’s hotel sector so far. Leela Palaces was started in the year 1986 by CP Krishnan Nair. Currently, it is owned by Brookfield Asset Management.

New shares worth Rs 3,000 crore will be issued in the IPO of Leela Palaces

According to reports, this is a mega issue for the hospitality sector and the company may soon file draft papers with SEBI. New shares worth Rs 3,000 crore will be issued in the IPO. This money will be used for growth capital. Along with this, there will also be an offer for sale of Rs 2,000 crore.

Under this, promoter Brookfield wants to reduce its stake. 11 investment banks including Kotak Mahindra Capital, JM Financial, BofA Securities, Morgan Stanley, JP Morgan, Axis Capital, Citi, ICICI Securities, IIFL Capital, Motilal Oswal and SBI Caps are the book-running lead managers for the IPO of Leela Palaces.

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    • Kumar Bahukhandi

    Kumar has written mostly short stories and on human behavior that changed the day to day course of the people who engineered them. He says I am always myself... I just hate being someone else...It's so fake and unreal..."!!I have an everyday religion that works for me. Love yourself first, and everything else falls into line...... I am just a next door person A friend of friends, A Journalist ,who respects every person regardless of his/her stature (but yes, disregards cunning and selfish people).Learnt to get in touch with the silence within myself and knew that everything in life has a purpose. A very simple, Introvert person who believe in "Simple Living and High Thinking", trusts in Modesty. Very truthful to self basic instincts, work, hobbies and family. I Always Listen and Obey what my heart, my inner voice, my soul tells me. I prefer to be true to myself, even at the hazard of incurring the ridicule of others.

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