Hotel Leelaventure Ltd on Friday said it has acquired the majority stake in Kovalam Hotels Ltd.
The Hotel has acquired Kovalam Hotels by entering into a share purchase agreement with the shareholders, it informed the Bombay Stock Exchange.
As such, Kovalam Hotels Ltd has become a subsidiary of the company and their beach hotel will now be known as 'Leela Kovalam Beach, Kerala', it said.
Source: PTI
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