12/12/2024, 3:55:05 pm

Hotel sector gears up for growth- ₹8,000 cr IPO pipeline and ITC demerger

The hotels’ publicly-listed universe is set to expand with the potential debut of four new companies, aiming to capitalise on the strong outlook for the hotel industry, according to a recent note by Jefferies. The upcoming IPOs of Schloss Bangalore, Ventive Hospitality, and Brigade Hotels aim to raise around ₹8,000 crore collectively, alongside the demerger and listing of ITC Hotels.