Prestige Hospitality Is Said to Explore Stake Sale Instead of IPO

Prestige Estates Projects Ltd. is considering putting an initial public offering of its hospitality unit on hold and is instead exploring a minority stake sale to private equity investors, people...

By Abhishek Shanker, Rajesh Mascarenhas, Baiju Kalesh · Bloomberg Markets

Prestige Estates Projects Ltd. is considering putting an initial public offering of its hospitality unit on hold and is instead exploring a minority stake sale to private equity investors, people familiar with the matter said.