Skift Take
With India’s travel and hospitality industry thriving, it’s the perfect moment for Leela to go public. The buzz around IPOs is definitely heating up, and more companies are feeling confident to jump into the market and raise funds.
The Leela Palaces, Hotels and Resorts looks to make a significant entry into the public market, seeking a valuation of approximately $2.5 billion in its upcoming initial public offering (IPO), as reported by Mint.
Expected to raise around INR 31.5 billion ($377 million), this would make it the largest IPO in the history of India’s hospitality sector. The report also noted that promoter Brookfield will initially sell 15% of its stake to the…