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Indian hotel giants plan to raise $8B through IPOs, betting on strong travel demand despite high debts.
India's hospitality sector is gearing up for expansion with Schloss Bangalore (Leela), Ventive Hospitality, and Brigade Hotels planning to raise around Rs80 billion through IPOs.
ITC Hotels is also set to be listed through a demerger.
Despite reporting small profits or losses and high debt, these companies aim to capitalize on the strong travel demand in India, driven by favorable economic trends.
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Los gigantes hoteleros indios planean recaudar $8B a través de las OPI, apostando por una fuerte demanda de viajes a pesar de las altas deudas.