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Brigade Hotel likely to add 960 rooms, expand luxury business by FY29
Brigade Hotel Ventures plans to add 960 rooms to its portfolio by FY28, targeting the luxury market. The company also aims to raise Rs 759.6 crore through its IPO, opening on July 24
 "(from left) M R Jaishankar, Executive Chairman, Brigade Enterprises Limited, Nirupa Shankar, MD, Brigade Hotel Ventures Limited, and Ananda Natarajan, CFO, Brigade Hotel Ventures Limited during an IPO conference | Photo: Kamlesh Pednekar")
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(from left) M R Jaishankar, Executive Chairman, Brigade Enterprises Limited, Nirupa Shankar, MD, Brigade Hotel Ventures Limited, and Ananda Natarajan, CFO, Brigade Hotel Ventures Limited during an IPO conference | Photo: Kamlesh Pednekar
Brigade Hotel Ventures is expected to add around 960 rooms to its current portfolio of over 1,600 keys by the financial years (FY) 2028 and 2029, with focus on expanding the luxury segment.
The hotel asset management company, which is part of the Brigade Group, is expected to raise ₹759.6 crore through its initial public offering (IPO). The IPO will open on July 24 and close on July 28. It comprises fresh issues of shares worth ₹759.6 crore with a face value of ₹10 each. The price band of the issue is fixed at ₹85 to ₹90 per equity share.
Topics : Brigade group Hotel industry
