Leela's owner Schloss cuts IPO size by 30% to ₹35 bn amid market volatility

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Leela's owner Schloss cuts IPO size by 30% to ₹35 bn amid market volatility - Business Standard

Quick Summary:

Schloss did not specify in its prospectus why it had cut the IPO size.

The company's IPO is still India's second-largest public float so far in 2025, where proceeds are down about 5% from a year before, according to LSEG data from May 6.

India's blue-chip Nifty 50 has rebounded in recent weeks and is up 4% for the year, after the country held a ceasefire with Pakistan and as some trade tensions eased.