Leela Palaces Hotels & Resorts Limited announces that its wholly owned subsidiary, Aries Holdings (DIFC) Limited, has made a further investment of USD 47.72M in Argon Holdings (DIFC) Limited. As of November 11, 2025, the company continues to exercise 25% of the shares and voting rights in Argon Holdings (DIFC) Limited. There is no change in the control as a result of this investment.
Subsidiary Investment Update
Leela Palaces Hotels & Resorts Limited announced on November 11, 2025, that Aries Holdings (DIFC) Limited, a wholly owned subsidiary incorporated outside India, has made a further investment in Argon Holdings (DIFC) Limited.
Investment Details
The investment amounts to USD 47.72M (Forty-Seven Million Seven Hundred Twenty Thousand US Dollars only). Despite this investment, there is no change in the control of Argon Holdings (DIFC) Limited. The company continues to exercise 25% of the shares and voting rights. Argon Holdings (DIFC) Limited is an investment company incorporated on October 11, 2023.
Argon Holdings Financials
Argon Holdings (DIFC) Limited’s financials are as follows: Turnover for FY-25 is NIL, Turnover for FY-24 is NIL, and Turnover for FY-23 is N.A. The company’s country of presence is the United Arab Emirates (U.A.E.).
Source: BSE
