Hotel sector gears up for growth with  ₹8,000-crore IPO pipeline and ITC demerger: Jefferies | Stock Market News

Hotel sector gears up for growth with ₹8,000-crore IPO pipeline and ITC demerger: Jefferies | Stock Market News

Source: Live Mint The hotels’ publicly-listed universe is set to expand with the potential debut of four new companies, aiming to capitalise on the strong outlook for the hotel industry, according to a recent note by Jefferies. The upcoming IPOs of Schloss Bangalore, Ventive Hospitality, and Brigade Hotels aim to raise around ₹8,000 crore collectively,…

Read More
Upcoming IPO: The Leela parent Schloss Bangalore files DRHP for  ₹5,000 crore IPO | Stock Market News

Upcoming IPO: The Leela parent Schloss Bangalore files DRHP for ₹5,000 crore IPO | Stock Market News

Source: Live Mint The Leela luxury hotel chain’s parent Schloss Bangalore has filed draft red herring papers (DRHP) for a ₹5,000 crore ($599 million) initial public offering (IPO) on September 20, data on the exchanges showed. As per the exchange filing, Schloss is eyeing fresh issue of shares worth ₹3,000 crore, and shareholder Project Ballet…

Read More