Pride Hotels targets ₹1,000 crore IPO by December, with 32 hotels in pipeline

Pride Hotels plans a roughly Rs 1,000 crore IPO by December to fund renovations, debt repayment and expansion. The Indian hospitality chain has 40 properties and contracts for 32 more, targeting leisure, wedding, MICE and pilgrimage markets.

Reported figures

From the report. Source details below

  • 72 potential total properties

Other figures

  • Rs 260 crore fresh issue

The source

Source Read the source at NDTV Profit

Published

Confirmed by ET Hospitality

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