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Prestige Estates To List Hospitality Business This Year — NDTV Profit Exclusive

The board has given its approval for the listing, and size of the IPO will be decided soon, said Chairman Irfan Razack.

<div class="paragraphs"><p>JW Marriott Bengaluru Prestige Golfshire Resort and Spa run by Prestige Estates Projects in Bengaluru. (Source: Company website)</p></div>
JW Marriott Bengaluru Prestige Golfshire Resort and Spa run by Prestige Estates Projects in Bengaluru. (Source: Company website)
Prestige Estates Projects Ltd. intends to list its hospitality business on the market to expand the vertical without accruing too much debt.The board has given consent to an initial public offer for the hospitality business and the team is working on it, Chairman and Managing Director Irfan Razack told NDTV Profit.In March, NDTV Profit reported that Prestige would likely sign a Rs 4,250-crore deal with Marriott Inc. to develop six pr...
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