Ventive Hospitality, a Blackstone-Panchshil joint venture, seeks to raise up to ₹2,000 crore via IPO, with primary debt repayment intent.
Ventive Hospitality, a luxury hotel asset owner and joint venture of Blackstone Group and Panchshil Realty, has filed a draft prospectus with SEBI to raise up to ₹2,000 crore through an IPO. The Pune-based company, which operates 11 hospitality properties in India and the Maldives, intends to use ₹1,600 crore of the funds for debt repayment. The IPO will involve a fresh equity issue, with no offer-for-sale component, managed by several financial institutions.
September 10, 2024
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