IHCL Stock Prices Soar on Acquisition of Leela Hotels

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IHCL Stock Prices Soar on Acquisition of Leela Hotels

IHCL stock prices soared today, rising by more than 5% after the company announced the acquisition of Leela Hotels. The acquisition is expected to be completed in the coming months.

The acquisition of Leela Hotels is a major coup for IHCL. Leela Hotels is a leading luxury hotel chain in India, with a portfolio of over 50 hotels. The acquisition will give IHCL a significant presence in the luxury hotel market.

In addition to the acquisition of Leela Hotels, IHCL also announced strong financial results for the quarter. The company’s revenue and profits grew by double digits in the quarter.

The strong financial results and the acquisition of Leela Hotels have boosted investor sentiment in IHCL. The stock is now trading at its highest level in over a year.

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