{"id":59958,"date":"2019-04-25T11:50:27","date_gmt":"2019-04-25T11:50:27","guid":{"rendered":"http:\/\/blastingskyhawk.com\/?p=59958"},"modified":"2019-04-25T11:50:28","modified_gmt":"2019-04-25T11:50:28","slug":"sebi-restrains-hotel-leela-from-selling-properties-to-brookfield","status":"publish","type":"post","link":"https:\/\/blastingskyhawk.com\/english\/sebi-restrains-hotel-leela-from-selling-properties-to-brookfield\/","title":{"rendered":"SEBI restrains Hotel Leela from selling properties to Brookfield"},"content":{"rendered":"\n<p>Cash-strapped  Hotel Leelaventure today said capital markets regulator SEBI has barred  it from selling its four hotels and other assets to Canadian investment  fund Brookfield Asset Management till further directions.<\/p>\n\n\n\n<p>On \nMarch 18, Hotel Leelaventure Ltd had announced sale of its four hotels \nlocated in Bengaluru, Chennai, Delhi and Udaipur, as well as a property \nto Canadian investment fund Brookfield for Rs 3,950 crore. It had sought\n shareholders approval.<\/p>\n\n\n\n<p>The SEBI in its letter to Hotel \nLeelaventure said it has received representations from ITC, which has \nalso moved the National Company Law Tribunal against Hotel Leelaventure \nalleging \u201coppression and mismanagement\u201d, and minority shareholder Life \nInsurance Corporation .<\/p>\n\n\n\n<p>Diversified group ITC has made certain \nalllegations against HLVL, its promoters and JM Finanacial Asset \nReconstruction Company Ltd with respect to postal ballot notice seeking \nshareholders nod for the sale, the letter said.ITC had on Tuesday moved \nthe Mumbai Bench of National Company Law Tribunal&nbsp; against Hotel \nLeelaventure alleging oppression and mismanagement.\n\n<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Cash-strapped Hotel Leelaventure today said capital markets regulator SEBI has barred it from selling its four hotels and other assets to Canadian investment fund Brookfield Asset Management till further directions. On March 18, Hotel Leelaventure Ltd had announced sale of its four hotels located in Bengaluru, Chennai, Delhi and Udaipur, as well as a property [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":59959,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410],"tags":[],"class_list":["post-59958","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/59958","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=59958"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/59958\/revisions"}],"predecessor-version":[{"id":59960,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/59958\/revisions\/59960"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/59959"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=59958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=59958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=59958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}