Deals & Growth
The Economic Times26 Sept 2026, 12:11 pm IST
Prestige Estates withdraws IPO plan for its hotel business
What happened
- Prestige Estates has withdrawn the IPO plan for its subsidiary, Prestige Hospitality Ventures Ltd.
- The company cited uncertain market conditions and strategic reasons for this decision.
- The company had previously planned to raise Rs 2,700 crore through the public issue.
Key terms explained
Financial terms from this story, in everyday words.
- IPO (Initial Public Offering)
- The first time a company offers its shares to the public to raise money.
Original source
The Economic Times
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