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Marigold Capital planning to buy Leela Palace in Chennai

According to reports, American private equity fund Marigold Capital and Investments is reportedly planning to buy Leela Group’s hotel in Chennai. Marigold has reportedly offered Rs 700 crore for the 326-room hotel in Chennai. Notably, JM Asset Reconstruction Company sold Leela Group’s hotel in Goa to a Malaysian conglomerate MetTube SD BHD for about Rs 725 crore in 2016.

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