Prestige Group drops ₹2,700 cr IPO plan for hospitality arm, cites bad market conditions
What to know
- The company informs that the board of directors decided to "withdraw the DRHP on account of strategic considerations and uncertain market conditions"S1
- Mumbai: Prestige Estates Projects Ltd has withdrawn plans for a ₹2,700 crore initial public offering (IPO) of its hospitality subsidiary, citing uncertain market conditions and strategic considerations.Prestige Hospitality Ventures Ltd (PHVL) had filed its dra...S2
Timeline · newest first
1mo
Thehindubusinessline
Prestige Group drops ₹2,700 cr IPO plan for hospitality arm, cites bad market conditions
The company informs that the board of directors decided to "withdraw the DRHP on account of strategic considerations and uncertain market conditions"
1mo
Freepressjournal
₹2,700 Crore Hospitality IPO Goes Off The Table, Prestige Group Cites Tough Market Conditions
Mumbai: Prestige Estates Projects Ltd has withdrawn plans for a ₹2,700 crore initial public offering (IPO) of its hospitality subsidiary, citing uncertain market conditions and str…
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Published Sep 26, 2026
What to know
- The company informs that the board of directors decided to "withdraw the DRHP on account of strategic considerations and uncertain market conditions"S1
- Mumbai: Prestige Estates Projects Ltd has withdrawn plans for a ₹2,700 crore initial public offering (IPO) of its hospitality subsidiary, citing uncertain market conditions and strategic considerations.Prestige Hospitality Ventures Ltd (PHVL) had filed its dra...S2
Timeline · newest first
1mo
Thehindubusinessline
Prestige Group drops ₹2,700 cr IPO plan for hospitality arm, cites bad market conditions
Sources · 2 citations
S1
Thehindubusinessline
1 report · EN
S2
FreepressjournalLead
1 report · EN
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