India's Leela-hotels owner Schloss slashes IPO size by 30%
20/05/2025 14:14
May 20 (Reuters) - India's Leela-hotels owner Schloss Bangalore slashed its IPO size by 30% to 35 billion rupees ($409 million), its prospectus showed on Tuesday. Brookfield-backed BAM.TO Schloss, which initially planned a 50 billion-rupees initial public offering, will run the issue from May 26-28. Large "anchor" investors will get to bid on May 23, according to the document. ($1 = 85.5520 Indian rupees) (Reporting by Nandan Mandayam in Bengaluru; Editing by Shinjini Ganguli) ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))
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