HOTEL LEELAVENTURE LTD. - Clarification

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14 Feb 2014
With reference to the news item appearing in the newspaper dated February 14, 2014, titled "Leela to sell 2 hotels for Rs. 2k Cr to pare debt", Hotel Leelaventure Ltd has Clarified to BSE as under:<br/><br/>"In terms of Corporate Debt Restructuring (CDR) package being implemented, the Company has to reduce its debts through sale of assets. The Board has reviewed the CDR implementation status in the Board meeting held on February 13, 2014 and we have intimated the stock exchanges about the same on the same day.<br/><br/>We would like to clarify that even though the Company is in discussion with various investors, no firm offer is received from any of the investors. The Company and its senior management continue to evaluate proposals and will make announcement to the Stock Exchanges and investors as and when appropriate."
View all announcements for HOTEL LEELAVENTURE LTD.	Source: BSE India

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