Leela shareholders back sale to Brookfield | Trade Nivesh

Trade Nivesh | Hotel Leelaventure's shareholders have overwhelmingly backed the proposal to sell key hotel assets to Brookfield Asset Management though the transaction cannot go ahead till the capital markets watchdog completes its investigation into complaints made by key Leela shareholders.
While all the promoters polled in favour of the deal, 74.87 per cent of public institutional investors and 74.9 per cent of non-institutional public investors who cast their votes also backed the move. It is not known how LIC and ITC voted. Voting through postal ballot began on March 26 and ended on April 24.


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