LeelaPalaces Share Price in Focus; To Invest ₹185 Crore in Buildminds for Ayodhya Hotel

Leela Palaces Hotels & Resorts Ltd has proposed investing up to ₹185 crore in Buildminds Real Estate Private Ltd, a subsidiary developing its upcoming five-star hotel in Ayodhya. The company disclosed the proposal to the stock exchanges on August 10, 2026.  

The investment will be made through subscription to Compulsorily Convertible Preference Shares (CCPS) issued by Buildminds. Leela Palaces said the amount will be invested in one or more tranches, based on the subsidiary’s funding needs.  

Use of Funds 

The proposed investment will meet Buildminds’ capital requirements for the Ayodhya hotel project. The company said the funds will be used for project-related expenditure, working capital requirements and other general corporate purposes.  

Investment Timeline 

The investment is proposed to be made on or before FY2028-29. It will be a cash investment, with the total amount capped at ₹185 crore. The company has not specified the amount to be invested in each tranche.  

Buildminds Holding 

Leela Palaces currently owns 76% of Buildminds’ equity share capital. The company noted that the proposed investment will not result in any change in its management control over the subsidiary.  

Buildminds is a related party under the SEBI LODR Regulations because it is a subsidiary. Leela Palaces said the transaction is being carried out at arm’s length and in compliance with applicable regulations.  

Buildminds Details 

Buildminds operates in the hotel and resorts industry and was incorporated on April 23, 2024, under the Companies Act, 2013, with the Registrar of Companies, Mumbai. Its registered office is in Kurla West, Mumbai, Maharashtra.  

The subsidiary reported nil turnover in FY24, FY25, and FY26. Its country of presence is India. The disclosure states that no government or regulatory approval is applicable for the proposed investment.  

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Leela Palaces Hotels & Resorts Share Price Performance  

As of August 10, 2026, 1:49 pm, Leela Palaces Hotels & Resorts Ltd share price was trading at ₹510.55, a 1.44% decrease from the previous closing price. 

Conclusion 

The proposed ₹185 crore investment will fund the construction and related expenses of LeelaPalaces’ upcoming five-star hotel in Ayodhya, with deployment planned through FY2028-29. 

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