21/9/2024, 11:05:03 am

The Leela parent Schloss Bangalore files DHRP for ₹5,000 crore IPO

The Leela luxury hotel chain’s parent Schloss Bangalore has filed draft red herring papers (DRHP) for a ₹5,000 crore ($599 million) initial public offering (IPO) on September 20, data on the exchanges showed. As per the exchange filing, Schloss is eyeing fresh issue of shares worth ₹3,000 crore, and shareholder Project Ballet Bangalore Holdings (DIFC), will sell shares worth ₹2,000 crore.