Leela promoters pledge shares

Hotel Leelaventure today said its two promoters have pledged 7.88 crore shares representing 20.87 per cent stake in the company.

In a disclosure to the Bombay Stock Exchange, Hotel Leelaventure said its two promoters -- Leela Lace Holdings and Leela Scottish Lace -- have pledged 7.88 crore shares.

Leela Lace Holdings has pledged 6.02 crore shares, whereas Leela Scottish Lace pledged the remaining 1.86 crore shares, the company said.

Meanwhile, in a separate filing to the BSE, the hotel chain firm said it has bought back 1 per cent euro foreign currency convertible bonds worth 8.25 euro (nearly Rs 51.76 crore).

Shares of Hotel Leelaventure today closed at Rs 19.70, up 2.34 per cent on the BSE.