Markets · 1 sources covering this

Prestige Group drops Rs 2,700 cr IPO plan for hospitality arm, cites bad market conditions

Realty firm Prestige Estates has withdrawn its IPO plan for its hotel business amid uncertain market conditions. The company initially aimed to raise Rs 2,700 crore through this public issue. A subsidiary, Prestige Hospitality Ventures Ltd, had filed a Draft Red Herring Prospectus with Sebi last year. The firm may consider reapplying for an IPO in the future based on market dynamics and necessary approvals.

Share:WhatsApp X Reddit Facebook LinkedIn

Coverage spectrum

0 L · 0 C · 1 R

How 1 sources are covering this

Economic TimesLean R·1h ago
Prestige Group drops Rs 2,700 cr IPO plan for hospitality arm, cites bad market conditions
Realty firm Prestige Estates has withdrawn its IPO plan for its hotel business amid uncertain market conditions. The company initially aimed to raise Rs 2,700 crore through this public issue. A subsidiary, Prestige Hospitality Ventures Ltd, had filed a Draft Red Herring Prospectus with Sebi last year. The firm may consider reapplying for an IPO in the future based on market dynamics and necessary approvals.
Read at Economic Times →

Embed this bias spectrum on your site

Paste this iframe wherever you'd like the widget to appear. Resizes responsively; no JS required.

<iframe
  src="https://hindustansphere.com/embed/cluster/7480bafcc3f63df8f8cc3a168a6698992d03a9fd"
  width="100%" height="320"
  style="border:0;max-width:680px"
  loading="lazy"
  title="Prestige Group drops Rs 2,700 cr IPO plan for hospitality arm, cites bad market conditions"></iframe>

Prestige Group drops Rs 2,700 cr IPO plan for hospitality arm, cites bad market conditions

How 1 sources are covering this

Prestige Group drops Rs 2,700 cr IPO plan for hospitality arm, cites bad market conditions

More from Markets

SEBI’s new PMS framework could potentially double industry size over time: APMI Chairman Vikas Khemani

Stocks to buy for long term: Vedanta Iron and Steel, Vedanta Oil and Gas or Vedanta Power: Which is better? Target, SL

Stocks to buy: Macquarie initiates Outperform rating on these 4 capital market stocks. Do you own any?

FIIs unlikely to return in large numbers without new growth engines in India: Bernstein

Reader

Trust & legal

Across the network