Economic TimesLean R·
CPP Investments makes India hospitality debut
MUMBAI: Canada Pension Plan Investment Board (CPP Investments) has invested Rs 3,000 crore or C$441 million in Prestige Estates Projects’ hospitality platform Prestige Hospitality Ventures Ltd (PHVL).Through the investment, CPP Investments will acquire around 27% stake in PHVL, with the majority of the capital supporting the platform's continued expansion.“We see compelling opportunities in India's hospitality sector, driven by rising travel and a demand for quality accommodation…This investmen…
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