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IPO▼ Bearish for Prestige Estates

Prestige Estates withdraws ₹2,700 crore IPO plan for its hospitality business

6 sources · first seen 18:52 25 Sept · updated 18:23 26 Sept

The brief

Written from 6 reports · check the source before you trade
  • Prestige Estates withdrew the hotel business IPO plan amid uncertain market conditions
  • The proposed IPO was aimed at raising ₹2,700 crore
  • The withdrawal removes a planned funding route for Prestige Estates’ hospitality business

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Prestige Estates₹1,477.80 · 3 todayHotels and travel5 todayReal estate13 todayMarket valuations81 today

Read the reports

6 reports · earliest 18:52
CNBC-TV18Prestige Hospitality Ventures withdraws IPO draft papers amid uncertain market conditions18:52Economic TimesPrestige Group drops Rs 2,700 cr IPO plan for hospitality arm, cites bad market conditions12:11Business LinePrestige Group drops ₹2,700 cr IPO plan for hospitality arm, cites bad market conditions12:15Business StandardPrestige Estates shelves ₹2,700 cr hotel biz IPO amid market uncertainty12:32MoneycontrolPrestige Estates shelves Rs 2,700-crore hotel IPO, cites uncertain market conditions15:00Fortune IndiaPrestige Group drops ₹2,700 cr IPO plan for hospitality arm, cites bad market conditions18:23