The Leela Hotels, operated by Schloss Bangalore, has set a price band of Rs 413-435 for its Rs 3,000 crore IPO, open from May 26–28. The proceeds will mainly go towards debt repayment. Despite losses, the company has shown strong financial recovery, with FY24 revenue rising to Rs 1,226 crore. Listing is planned on NSE and BSE.
Sebi gets power to directly remove false stock content
The Securities & Exchange Board of India (Sebi) has been empowered by the government to order social media platforms to remove unlawful stock-related content. This