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Pride Hotels steps up expansion, plans ₹1,000 crore IPO by December
Pride Hotels is looking to launch its initial public offering (IPO) by December, with the issue size expected to be around Rs 1,000 crore, as the hospitality chain accelerates expansion across leisure, wedding and corporate events and pilgrimage destinations, CEO Satyen Jain said. "We have opened nine hotels in the last 12 months. This is the ninth in Indore," Jain said in an interaction with PTI. The expansion has taken Pride Hotels' portfolio to 40 properties, including eight owned hotels and…
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