CPP Investments invests ₹3,000 cr in Prestige Hospitality Ventures
A ipo & listings development with market-wide reach.
· LiveMint Companies
Canada Pension Plan Investment Board has acquired a 27% stake in Prestige Hospitality Ventures for ₹3,000 crore, marking its first direct investment in India's hospitality sector to support expansion, following Prestige's withdrawal of its planned IPO.
The analysis
Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
Market context
- The immediate tone of coverage reads positive.
Related coverage
Reliance shares may be a cheaper way to buy Jio Platforms after its listing
Bharti Airtel's Sunil Bharti Mittal backs Jio's public listing, says ‘looking forward to a very successful IPO’
Vodafone Idea zooms 12% after FPO sees 6x subscription; focus shifts to allotment, listing
PSP Projects share gains 4% on launching Rs 244-crore QIP
Indus Towers gains 4% after CLSA upgrade to #39;buy#39; on Voda Idea FPO