Monday, July 31, 2023

THE LEELA PALACES, HOTELS AND RESORTS EXPANDS FOOTPRINT IN SOUTH INDIA WITH THE OPENING OF ITS SECOND HOTEL IN GOD’S OWN COUNTRY, KERALA

 THE LEELA PALACES, HOTELS, AND RESORTS EXPAND FOOTPRINT IN SOUTH INDIA WITH THE OPENING OF ITS SECOND HOTEL IN GOD’S OWN COUNTRY, KERALA

 Introduces A Magical Backwater Experience With The Leela Ashtamudi, A Raviz Hotel



The Leela Palaces, Hotels and Resorts announced the opening of its second hotel in God’s Own Country, The Leela Ashtamudi, A Raviz Hotel, further consolidating its presence in Kerala and fortifying its resort portfolio. The Leela Ashtamudi, A Raviz Hotel perfectly complements The Leela Kovalam, A Raviz Hotel, and builds on the brand’s presence in the coastal state with the two resorts offering very distinctive and unique backwater and beach experiences, completing the much sought-after and serenely beautiful Kerala itinerary.

 

A two-hour drive from Thiruvananthapuram airport, this picturesque resort is a tiny hamlet perched on the banks of the shimmering Ashtamudi Lake, formed by the confluence of the 8 lakes, offering a magical backwater experience that flawlessly balances barefoot luxury with rustic charm. Placid, serene waters, surrounded by lush greenery and swaying coconut trees create a tranquil atmosphere perfect for relaxation and rejuvenation. Thoughtfully curated experiences unlock the magic and mystery of the locale and offer an enriching cultural immersion into the destination amidst an awe-inspiring setting.

 


Speaking on the occasion, Mr. Anuraag Bhatnagar, Chief Executive Officer, The Leela Palaces, Hotels and Resorts, said, “We are delighted to welcome The Leela Ashtamudi, A Raviz Hotel, an exciting new addition to our brand portfolio. Kerala has historically been one of our key markets and strategically significant to our growth in the region. The resort marks another milestone in our journey as we continue to grow in the most alluring leisure destinations across the country. This expansion is in lockstep with the growing demand from the discerning global leisure traveler to experience meaningful and transformative journeys that are an authentic expression of a region’s beauty, heritage, and culture.”

 

Commenting on the opening, Dr Ravi Pillai, Chairman of RP Group said,” I am excited to see our partnership with The Leela brand evolve and I am confident that together we can play a key role in transforming the tourism sector in the region. The coming together of Raviz and The Leela provides the unique opportunity to place Kerala at the heart of global leisure and wellness travel and further reimagine and elevate the high standards of hospitality that exist in the region with unparalleled levels of luxury and warm and gracious service – both of which The Leela brand is known for.”

 

Integrating the foundational principles of environment and sustainability, the resort is elegantly poised in harmony with local history, evidently enchanting and magnifying the culture and heritage of the destination through inspired design narratives that reference Kerala’s rich architectural heritage.

 

With 93 tastefully appointed rooms that reflect the traditional Nalukettu aesthetic of Kerala, the resort is home to a bevy of accommodations including rooms, suites, and experiential houses, embodying historic charm that seamlessly blends the old and the new and serve as a window to the resort’s breath-taking natural settings. A charming décor permeates each room and traditional artifacts and furnishings steeped in culture, pay homage to the history and culture of the locale. Guests can choose between the Tower Wing or the Heritage Wing or elevate their experience by upgrading to one of the two available private plunge pool villas. The resort also features two unique traditional experiential houses offering the THARAVADU Experience - namely Erattupetta and Anchal which have a rich history of more than 200 years. Those seeking ultimate luxury can reserve a private getaway with a tranquil backwater cruise on Mahayana - the quaint houseboat that comes with all the comforts of a hotel and is evocative of everything that is quintessentially Kerala.

 

The resort houses four unique dining venues - Keraleeyam the multi-cuisine restaurant, Portico Café, serving comfort food, Raanthal - the floating dining experience and Zirkon, the aqua-themed bar. Each venue presents mesmerizing views of the tranquil Ashtamudi Lake and the abundance of nature surrounding it. The fresh produce sourced locally imbues the cuisine with regional flavors, while simple aromas infused with delicate spices create an epicurean delight of incredible sights, flavors, and tastes in everything ranging from delectable authentic Kerala Sadhyas to grand feasts. The highlight on the menu is Fish Nirvana, the resort’s very own curated signature recipe, which also has a vegetarian version in Paneer Nirvana.

 

The resort’s Favourite Kerala Ayurveda and Spa interweaves authentic Ayurvedic healing traditions with therapeutic and relaxation treatments that use specially formulated organic blends that soothe the mind, body, and soul. An extensive menu of rejuvenating massages, Ayurveda therapies, and detoxification programs inspired by traditional techniques ensure an authentic and immersive wellness experience.

 

Leisure facilities at the resort also include an outdoor swimming pool flanked by azure waters and tropical foliage for the ultimate lakeside getaway and a fitness center equipped with state-of-the-art equipment surrounded by panoramic views.

 

Whether it is an intimate soiree or a grand celebration, the resort offers a selection of inviting spaces for events and meetings of various sizes and types. From traditionally inspired architecture that provides a charming, yet elegant setting to tranquil gardens and picturesque lake vistas that offer an enchanting backdrop, every event is infused with local traditions and bespoke services that add a touch of culture, authenticity, and personalization.

 

Whether you seek solace in tranquility, rejuvenation in wellness journeys, indulgence in distinctive culinary encounters, or exploration in the destination, this hidden paradise invites travelers to truly disconnect and soak in all that is quintessentially Kerala.


About The Leela Palaces, Hotels and Resorts

Headquartered in Mumbai, The Leela Palaces, Hotels and Resorts is owned by a Brookfield Asset Management-sponsored private real estate fund and operates twelve award-winning properties in major cities and leisure destinations across India. These include the flagship hotel in the capital city of New Delhi, Bengaluru, Chennai, Udaipur, Jaipur, Gurugram, East Delhi, Mumbai, Gandhinagar, and now Kovalam and Ashtamudi in Kerala. The Leela celebrates each hotel through its unique location, art, culture, and cuisine with thoughtful services, celebratory rituals, and immersive experiences. The Leela Palaces, Hotels and Resorts was voted the World’s Best Hotel Brand twice in a row by Travel + Leisure, USA, World’s Best Awards Survey, 2020 and 2021. In 2023, the brand has once again been featured in the top 3 World’s Best Hotel Brands. An epitome of true Indian luxury hospitality, The Leela is committed to providing guests with unforgettable stays in settings that capture the essence of India. The brand has a marketing alliance with US-based Preferred Hotels & Resorts and is a member of the Global Hotel Alliance.

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Adroit Industries (India) Limited IPO Opens on Wednesday, September 23, 2026 Total Offer Size- Up to 1,12,47, 000 Equity Shares of face value of ₹10 each Fresh Issue Size - Up to 98,97,000 Equity Shares OFS size - Up to 13,50,000 Equity Shares Total Size - ₹ 150.71 Crore (At Upper Price Band) Price Band - ₹ 126 - ₹ 134 per share Lot Size – 111 Equity Shares Mumbai, September 21, 2026 - Adroit Industries (India) Limited is a vertically integrated manufacturer of propeller shafts and torque-transmission components with over four decades of operational experience, serving automotive, primarily commercial vehicles, and non-automotive applications, including defence and emergency services, heavy equipment and off-highway machinery and industrial equipment across more than 32 countries, proposes to open its Initial Public Offering on Wednesday, September 23, 2026 aiming to raise ₹ 150.71 Crores (At Upper Price Band), with shares to be listed on the BSE & NSE. The offer size is up to 1,12,47,000 Equity Shares with a face value of ₹10 each with a price band of ₹126 - ₹134 Per Share. Equity Share Allocation QIB Portion – Not more than 50.00% of the Offer Non-Institutional Investors - Not less than 15.00% of the Offer Retail Individual Investors - Not less than 35.00% of the Offer The net proceeds from the IPO will be utilized for funding capital expenditure by the company towards procurement of machinery and equipment for enhancement of operations at the Dewas Facility and transportation vehicles for movement of goods between the manufacturing facilities, investment in its subsidiary Adroit Driveshafts Private Limited for capital expenditure towards machinery and equipment at the Pithampur Facility and transportation vehicles for movement of goods between the manufacturing facilities, investment in the subsidiary for repayment or pre-payment, in full or in part, of certain outstanding borrowings availed by it, and general corporate purposes. The anchor bidding is on Tuesday, September 22, 2026. The offer will open on Wednesday, September 23, 2026 and will close on Friday, September 25, 2026. The Book Running Lead Manager to the Offer is Choice Capital Advisors Private Limited and the Registrar is Bigshare Services Private Limited. Mr. Saurabh Sangla, Chairman and Managing Director of Adroit Industries (India) Limited “expressed, The upcoming IPO marks a new phase for the Company. Over the years we have built vertically integrated capabilities spanning forging, precision machining, heat treatment, assembly, balancing and testing, and expanded our portfolio to over 5,000 SKUs of driveline components supplied to customers in more than 32 countries. Going forward, our focus will be on strengthening capacity across our manufacturing facilities, improving operational efficiency, deepening engagement with the Distributors, OEMs and Tier-1 customers across our export and domestic markets and broadening our automotive and non-automotive applications. The IPO will support our plans as we continue to strengthen the business and pursue long-term growth.” Mr. Ratiraj Tibrewal, Director of Choice Capital Advisors Private Limited said, “Adroit Industries (India) Limited has built an export-led driveline business over four decades, with vertically integrated manufacturing and a diversified customer base across automotive and non-automotive applications. The upcoming IPO marks an important step in the Company’s journey as it enters the public markets. We believe the Company’s integrated manufacturing capabilities, long-standing customer relationships and expanding product portfolio provide a foundation for its next phase of growth. We are pleased to be associated with Adroit Industries (India) Limited as it takes this step towards becoming a publicly listed company.” About Adroit Industries (India) Limited Adroit Industries (India) Limited is a vertically integrated manufacturer and supplier of propeller shafts – also known as drive shafts or cardan shafts – and related torque-transmission components. Its portfolio spans over 5,000 SKUs of driveline components, including propeller shaft assemblies, yokes, shafts, companion flanges, universal joints and accessories, supplied to automotive applications, largely commercial vehicles and SUVs, and to non-automotive applications spanning defence and emergency services, heavy equipment and off-highway machinery and industrial equipment. The Company operates three manufacturing facilities in Madhya Pradesh – Dewas Facility i.e for die making and forging processes, Pithampur Facility for machining and assembly, operated by its subsidiary Adroit Driveshafts Private Limited, and Sanwer Road Facility for certain finishing operations– with end-to-end in-house capabilities covering forging, precision machining, heat treatment, assembly, balancing and testing. The facility is certified under IATF 16949, ISO 9001, ISO 14001 and ISO 45001. With operations commencing in 1966, the Company has evolved into an export-led driveline components manufacturer, with 95.39% of Fiscal 2026 product sales derived from outside India across more than 32 countries, supported by a Canadian subsidiary for North American customer engagement, and serving 185 customers in Fiscal 2026 through distributors, Tier-1 driveline component suppliers and OEMs. In FY26, The Company achieved a Revenue from operations of ₹1,399.43 million, EBITDA of ₹387.10 million & PAT of ₹261.58 million. Disclaimer: Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

Adroit Industries (India) Limited IPO Opens on Wednesday, September 23, 2026 Total Offer Size- Up to 1,12,47, 000 Equity Shares of face valu...