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Prestige Group drops Rs 2,700 cr IPO plan for hospitality arm, cites bad market conditions

Economic Times 16 hrs ago·26 Sept 2026, 6:41 am

Realty firm Prestige Estates has withdrawn its IPO plan for its hotel business amid uncertain market conditions. The company initially aimed to raise Rs 2,700 crore through this public issue. A subsidiary, Prestige Hospitality Ventures Ltd, had filed a Draft Red Herring Prospectus with Sebi last year. The firm may consider reapplying for an IPO in the future based on market dynamics and necessary approvals.

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