šØ Prestige Groupās Hospitality Arm Eyes ā¹4,000 Cr IPO!
Bengaluru-based real estate giant Prestige Group is prepping for a major market move, launching a ā¹4,000 crore IPO for its flourishing hospitality division. Key Highlights: š° IPO Size: ā¹4,000 Cr šØ Portfolio Includes: ā¢ JW Marriott, Devanahalli ā¢ Conrad Bengaluru ā¢ Sheraton Grand, Whitefield ā¢ Angsana Oasis, Yelahanka ā¢ Moxy Bengaluru Airport ā¢ The Artiste, Kochi ā¢ Mulberry Shades, Devanahalli ā¢ Twenty Four, Prestige Tech Park šÆ Use of Funds: New hotel development + debt reduction š Investment Banks: Kotak Mahindra Capital, JM Financial & more š Expansion Plan: Double hospitality portfolio in 3ā4 years with ā¹1,700 Cr capex With the hospitality sector heating up post-pandemic, Prestigeās IPO could be a hot ticket for investors eyeing the luxury space!