VERIFIEDET Markets·26 Sept 2026neutral

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

AI Summary

·Prestige Estates has withdrawn its IPO plan for its hotel business.
·The company initially aimed to raise Rs 2,700 crore through this public issue.
·The firm may consider reapplying for an IPO in the future based on market dynamics.