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Leela Hotels IPO: Brookfield-backed Schloss Bangalore to launch public issue on May 26, eyes ₹3,500 crore

Schloss Bangalore, the owner of Leela luxury hotels, has slashed its IPO size by 30% to 35 billion rupees ($409 million), joining a growing list of companies that have trimmed their issues due to market uncertainty. Brookfield-backed Schloss, which initially planned a 50 billion-rupee initial public offering, will run the issue from May 26-28, its…

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