India's Hotel Leela Venture to sell hotels, property to Brookfield for $576 mln

HLV

18/03/2019 12:01

March 18 (Reuters) - India's Hotel Leela Venture Ltd
 HTLE.NS  said on Monday it would sell four of its hotels and a
property to a fund sponsored by Canada's Brookfield Asset
Management  BAMa.TO  for 39.50 billion rupees ($576.41 million).
    The company will https://www.nseindia.com/corporate/HOTELEELA_18032019171014_BMoutcome18032019sw_156.pdf
 sell four Leela hotels at Bengaluru, Chennai, Delhi and Udaipur
and its property in Agra to Brookfield.

($1 = 68.5275 Indian rupees)

 (Reporting by Chris Thomas in Bengaluru; Editing by Shreejay
Sinha)
 ((chris.thomas@thomsonreuters.com; +91-80-6749-8695; Reuters
Messaging: chris.thomas.thomsonreuters.com@reuters.net))