Prestige Group withdraws from IPO
Headline by Prism · from 1 report
Prestige Hospitality Ventures Limited has cancelled its planned initial public offering due to market uncertainty.
1 of 32 monitored outlets · 1 report · Kannada · checked
PrajavaniThe brief
Written by software from the 1 report below.
- Prestige Hospitality Ventures Limited decided to cancel its initial public offering after previously filing documents with regulators.
- The company originally aimed to raise 2,700 crore rupees through the share sale.
- Prestige Estates Projects Limited stated that market instability was a key reason for the cancellation.
- Canadian investment firm CPPIB recently committed to investing 3,000 crore rupees in the company instead.
Coverage
1 outlet
Indian-language1
All filed from India
NamedIndia · Prestige Hospitality Ventures Limited · Securities and Exchange Board of India · CPPIB · Prestige Estates Projects Limited
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