Hotel Leela - Blackstone reports

Hotel Leelaventure Ltd has informed that this has reference to the reports in a section of the press quoting industry sources to the effect that Blackstone is investing US$ 1 billion as Private Equity investment in Hotel Leela Ventures.

While the Company has a policy of not commenting on unconfirmed reports, the Company would state that the Company is working on various corporate initiatives to take the Company forward in establishing a Pan India / global presence.