New Delhi :  Hotel Leelaventure said its net loss narrowed to Rs 57.14 crore in the January-March quarter 2013-14 on the back of increase in income from operations.

 The company had posted a net loss of Rs 142.18 crore for the corresponding quarter of the previous fiscal, Hotel Leelaventure said in a filing to BSE stock exchange. Total income from operations rose to Rs 222.13 crore for the quarter under consideration.

In another filing, Hotel Leelaventure said its “board has approved an enabling resolution for raising funds up to Rs 1,000 crore through issue of equity shares/ convertible debentures/ GDRs/ ADRs and or such securities either through preferential issue and/or qualified institutional placement and/or private placement etc in one or more tranches at an appropriate time.”

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