Ahead of IPO, Park Hotels garners Rs 409 crore from anchor investors
Sat, Feb 3, 2024 2:32 PM

Ahead of IPO, Park Hotels garners Rs 409 crore from anchor investors

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Apeejay Surrendra Park Hotels Ltd, operator of The Park hotels, has raised Rs 409.5 crore through anchor investors ahead of its IPO. The company will allocate 2.64 crore shares to 37 funds at Rs 155 per share, the upper end of the price band. The IPO opens on Feb 5 and is a mix of fresh equity shares and an offer for sale by promoters and investors. Proceeds will go towards debt payment.

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