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Tag Archives: Ravi Pillai

Leela Group to sell Leela Kovalam for a 500 Cr Deal

Five star hotel chain Hotel Leela venture is set to sell its property in Kovalam In Kerala for Rs 500 crore to cut its debt, a newspaper said on Thursday. The property, Leela Resorts Kovalam, is being sold to non-resident Indian industrialist Ravi Pillai, the paper said, adding Leela will subsequently enter into a management contract with Pillai to manage …

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