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Hotel Leela buys Kovalam Hotels

July 22, 2005 15:23 IST
Hotel Leelaventure Ltd on Friday said it has acquired the majority stake in Kovalam Hotels Ltd.

The Hotel has acquired Kovalam Hotels by entering into a share purchase agreement with the shareholders, it informed the Bombay Stock Exchange.

As such, Kovalam Hotels Ltd has become a subsidiary of the company and their beach hotel will now be known as 'Leela Kovalam Beach, Kerala', it said.

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