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Shares of Hotel Leelaventure would be in focus on Wednesday, as the company’s board is meeting to evaluate various options to service its debt obligations. Recent media reports suggest that the hotel major is in talks with US private equity firm KKR & Co for a loan of up to ₹2,000 crore. In a clarification to the exchanges, the company has admitted that it is in discussions with various investors and lenders, for raising funds to meet its debt servicing obligations. Its debt stands at over ₹4,500 crore.
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