Promoters of Leela Palaces Hotels & Resorts Limited have encumbered a significant portion of their stake.

Approximately 25.35 crore shares, equivalent to about 75.90% of the company's total share capital, are now charged.

This action secures a term loan facility of up to US$ 50 crore for the promoters.

This level of promoter share pledging is a key factor for investors to monitor, as it could indicate potential liquidity needs and carries risks related to loan covenants.