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| Exchange Disseminated Time | | Hotel Leelaventure Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 12, 2014, considered the progress on the sale of assets and indicative term sheets for a bridge loan and resolved that the terms of the loan do not meet the Company’s requirements and are to be negotiated and authorised Mr. Vivek Nair, Chairman & Managing Director and Mr. Dinesh Nair, Co-Chairman & Managing Director to negotiate and finalise the terms and conditions of the bridge loan for meeting the debt service obligations of the Company. |
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