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Served as EC’s Special Observer During Bengal ElectionsChief Minister Vishnu Deo Sai attends Harinam Sankirtan Namyagya in RaipurMungeli Receives a Mega Gift Worth ₹353 Crore; CM Sai to Inaugurate Over 400 Development Projects TodayNew Wings for the Dreams of the Forest RegionSuvendu Government in Bengal: The Misrule of the TMC and Mamata Has Come to an End-CG CM Vishnu Deo SaiHimanta to Become Chief Minister of Assam Again; Elected Leader at Legislature Party MeetingTamil Nadu CM Oath Ceremony Live: ‘Vijay Government’ begins in Tamil Nadu today; these 9 MLAs—including 29-year-old Keerthana—also took the oath.NDA Leaders to Meet Assam Guv Today Over Govt FormationTVK president Vijay to be sworn in as Chief Minister on today at 10; T.N. set for coalition governmentBenefits of Government Schemes Must Reach Every Eligible Beneficiary – Minister Tank Ram VermaLeo Digital Wins Digital Mandate for Olectra Greentech LimitedManipal University Jaipur Successfully Concludes 5-Day FDP on "Foundations of Inspired Teaching"West Bengal CM Oath Ceremony Live: Suvendu Adhikari to take oath as CM today at 11 AM; several Union Ministers, including Rajnath Singh, have arrived in KolkataGovernment appoints Lt Gen NS Raja Subramani (Retd) as next Chief of Defence StaffIran turns bombed Karaj Bridge into a symbol of resistance Administrative Reshuffle in Chhattisgarh: Pushpa Sahu Appointed Secretary of Board of Secondary Education; Roktima Yadav Takes Charge as Collector of Korea DistrictSuvendu Adhikari elected BJP legislature party leader in Bengal, set to become CMHabuild Survey Reveals 6 in 10 Mothers Need Structured Support, Prioritise Health Only After 45Tupperware Partners with Instamart, Bringing the OG of Indian Kitchens to Your Doorsteps This Mother's DayENTICE 3.0 Calls Innovators to Develop Non-Lithium Energy Storage and AI-Driven Grid SolutionsGalgotias University Students Build iOS Innovation Ecosystem with 34 Apps Live on Apple App StoreMSI Launches 'Back to School – May Promotions' with Exclusive Channel Offers and Student-Focused BenefitsStatewide Celebration of ‘Mukhyamantri Kanya Vivah Yojana today on Friday May 8, 2026Grand Event at the Atal Bihari Vajpayee Auditorium, Government Medical College, Raipur, on World Red Cross DayRespect for Tribal Identity, A Robust Campaign for Development — Vishnu Deo SaiUS Military Strikes Iran’s Qeshm Port, Bandar AbbasIndia Asks Bangladesh to Expedite Verification of ImmigrantsAmit Shah in WB on today To Pick CM Face of 1st BJP GovtSushasan Tihar: Kaushilya Receives Ayushman Card Within Hours of Applying; 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Fri. May 15th, 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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