SEBI halts India hotel chain Leela’s proposed asset sale to Brookfield

While the exact size of the deal is yet to be ascertained, the Chennai property is valued at around Rs.1,300 crore and the one at Goa is worth Rs.200-300 crore. Photo: Pradeep Gaur/Mint

Ahead of the postal ballot for sale of assets by Hotel Leelaventure Ltd to Canadian fund Brookfield on 24 April, Securities and Exchange Board of India (Sebi) has put a pause on the hotel chain’s plans.

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