Leela Palaces Hotels & Resorts Limited
ICICI Prudential Mutual Fund cut its stake in Leela Palaces Hotels & Resorts from 2.00% to 1.82%, selling 5,89,369 shares.
A luxury hospitality company operating premium hotels and resorts across India under The Leela brand. The company manages upscale properties that cater to high-end travelers, corporate guests, and leisure visitors, offering comprehensive accommodations, fine dining, and wellness facilities. Known for its focus on personalized service and distinctive experiences, the company operates iconic properties in major Indian cities and leisure destinations, establishing itself as a key player in the luxury hospitality sector.
India's second-largest AMC by AUM with over Rs 9 lakh crore managed across 80+ schemes. Joint venture between ICICI Bank and Prudential plc. CIO S. Naren is one of India's most recognised value investors, known for contrarian macro calls and rotating across market caps well ahead of consensus. ICICI Pru's quarterly portfolio disclosures are among the most closely watched in the industry.