Leela’s IPO is a bet that luxury tourism in India is just getting started
Leela Palaces filed for an initial public offering (IPO) of ₹5,000 crore on 20 September. Its listing will expand the roster of publicly traded luxury hotel stocks beyond India Hotels Company, which operates the Taj brand, and EIH, the parent company of the Oberoi chain of hotels. “(The hotel) industry is expecting room demand to … Read more