Go Unlimited with Magzter GOLD
Get unlimited access to 9,500+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Prestige's hotels unit plans to launch its IPO in October
Mint New Delhi
|September 12, 2025
The IPO includes a ₹1,700 crore fresh issue and a ₹1,000 crore OFS by parent Prestige Estates Projects
Prestige Hospitality Ventures Ltd plans to launch its ₹2,700 crore maiden public offer in October, according to two people familiar with the matter, as it joins the league of hotel chains going public during a travel boom.
Prestige Hospitality's initial public offering (IPO) will be the third public listing in the hospitality sector this year after Brookfield-backed Schloss Bangalore Ltd, the operator of 'The Leela' brand; and Brigade Hotel Ventures Ltd raised ₹3,500 crore and ₹746 crore, respectively.
The Securities and Exchange Board of India (Sebi) approved Prestige Hospitality's offer in August.
This story is from the September 12, 2025 edition of Mint New Delhi.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 9,500+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint New Delhi
Mint New Delhi
DATA RECAP: THE WEEK IN CHARTS
From the early impact of US tariffs on India's exports, modest growth in foodgrain production, women facing higher levels of unemployment, and the government looking to mobilize $1 billion in green finance-here is a compilation of this week's news in numbers, curated by Nandita Venkatesan.
2 mins
September 19, 2025
Mint New Delhi
Sebi clears Adani of Hindenburg charge
The stock market regulator on Thursday cleared Adani Group and its top executives of allegations of bypassing related-party transaction rules levelled by Hindenburg Research, bringing the curtains down on an episode that has stretched out across 15 months.
3 mins
September 19, 2025
Mint New Delhi
The CEA's optimism
Could the recent thaw in India-US ties result in tariffs being lowered sharply on Indian exports?
1 min
September 19, 2025
Mint New Delhi
Blackstone looks to buy Zelestra India
New Blackstone RE platform likely; JP Morgan running deal
2 mins
September 19, 2025
Mint New Delhi
How junk feeds profits, starves young bodies
The food industry has trapped children into unhealthy diets, with calorie-dense ultra-processed food dominating shops and schools, Unicef warns in its report Feeding Profit: How Food Environments are Failing Children. Mint unpacks what's at stake for India and world.
2 mins
September 19, 2025
Mint New Delhi
BluSmart, Gensol spar over 4,000 leased EVs
The startup twin bankruptcies of ride-hailing BluSmart Mobility Ltd and renewable energy firm Gensol Engineering Ltd, related parties from the same promoter group-have collided over control of thousands of electric vehicles (EVs) that are now lying idle.
1 min
September 19, 2025
Mint New Delhi
Gameskraft episode bares false papers, weak checks
Concentrated power, falsified documents, and weak checks and balances-the unraveling at Gameskraft has invited comparisons with the Satyam saga.
1 min
September 18, 2025
Mint New Delhi
IOC, L&T, others eye crude reserve
Multiple energy and engineering giants, including IndianOil Corp. (IOC), Trafigura, Vitol, and Larsen & Toubro Ltd (L&T), have shown interest in developing a strategic crude reserve at Chandikhol, Odisha, said two people in the know.
2 mins
September 18, 2025
Mint New Delhi
Centre works to fix snags in free trade
Solution for procedural gaps, talks to resolve access issues likely
3 mins
September 18, 2025
Mint New Delhi
Sparring over chips
China has upped the ante in its trade tussle with the US. As reported, China's internet regulator has ordered Chinese tech companies not to buy artificial intelligence (AI) chips from Nvidia.
1 min
September 18, 2025
Listen
Translate
Change font size