Prestige Estates’ hospitality business
Prestige Estates withdrew draft papers for a planned ₹2,700 crore hospitality IPO, citing strategic considerations and uncertain market conditions. CPP Investments later invested ₹3,000 crore, or C$441 million, in the hospitality platform.
Timeline
Tuesday, 29 September
- CPP Investments makes India hospitality debut
CPP Investments invested ₹3,000 crore, or C$441 million, in Prestige Estates’ hospitality platform
Friday, 25 September
- Prestige Estates withdraws ₹2,700 crore IPO plan for its hospitality business
Prestige Estates withdrew the hotel business IPO plan amid uncertain market conditions
