CPPIB to Invest ₹3,000 Crore in Prestige Hospitality Ventures for 28% Stake

CPPIB will invest up to ₹3,000 crore (~$314 mn) for a stake of up to 28% in Prestige Hospitality Ventures, valuing Prestige Group’s hotel arm at about $1.1 billion.

CPPIB will invest up to ₹3,000 crore (~$314 mn) for a stake of up to 28% in Prestige Hospitality Ventures, valuing Prestige Group’s hotel arm at about $1.1 billion.