Leela hotels owner Schloss drops about 7% in India debut
02/06/2025 05:19
June 2 (Reuters) - Shares of Schloss Bangalore SCHL.NS, the owner of luxury hotel chain "The Leela", debuted 6.7% lower on Monday after its $409 million initial public offering was oversubscribed nearly five times last week. The stock listed at 406 rupees on India's National Stock Exchange, compared to its issue price of 435 rupees. (Reporting by Hritam Mukherjee in Bengaluru; Editing by Nivedita Bhattacharjee) ((Hritam.Mukherjee@thomsonreuters.com; X: @MukherjeeHritam;))
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