India's Schloss Bangalore down 7% in market debut, recovers some losses

Leela Palaces Hotels & Resorts

02/06/2025 06:06

** Shares of India's Schloss Bangalore  opens about 7% lower at 406 rupees in market debut, last down 1.8%

** Owner of luxury hotel chain "The Leela" saw $409 million initial public offering oversubscribed nearly five times last week

** IPO issue price was at 435 rupees and at listing Schloss valued at $1.62 bln

** Broader Nifty 50 .NSEI is down 0.6%

 (Reporting by Sethuraman NR in Bengaluru)

 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net ))