HospitalityBiz India
Hotels FoodService Operations Ministry Associations Equipment Editorial HR Technology Technology Advisory Board Community
Follow us on Facebook Follow us on Twitter instagram
    Home > Hotels
HOTELS

Park Hotels files draft papers for INR 1,000cr initial Public offering

Thursday, January 2, 2020, 14:32 Hrs  [IST]
HBI Staff | Mumbai

Apeejay Surrendra Park Hotels Ltd., which operates luxury boutique hotels under ‘The Park’ brand, has filed its draft red herring prospectus for a INR 1,000cr initial public offering (IPO), reports Mint. 

The initial share sale comprises a fresh offer of INR 400 cr, which will be used to repay debt and for general corporate purposes, while the remaining shares worth INR 600cr will be sold by its existing investors and promoters, including shares worth INR 125cr by Apeejay Surrendra Trust, about INR 355cr. by Apeejay Pvt. Ltd., INR 84cr by Apeejay House Pvt. Ltd,, and INR 33cr. by RECP IV Park Hotel Investors Ltd., the report says.

At present, Apeejay promoters, Karan and Priya Paul, hold 17.18% in the company through Apeejay Surrendra Trust and Flury’s Swiss Confectionery owns 30.06%. Other promoter group selling shareholders such as Apeejay Pvt. Ltd. owns 19.75% and Apeejay House 8.3% in the firm.  

Investment Banks ICICI Securities, Axis Capital and JM Financial are managing  the share sale.

Source: Mint

 
Print News Email News Back
Bookmark to Add to NewsvineNewsvine Bookmark with del.icio.usdel.icio.us Digg ItDigg
Add RSS to Add to Google Add to My Yahoo! Subscribe with Bloglines Subscribe
 POST A COMMENT
* Name :    
* Email :    
* Message :  
   
RELATED NEWS
»  Advani Hotels and Resorts (India) Limited reports audited financial results for Financial Year 2021-2022
»  Anantara Hotels, Resorts & Spas Announces New General Manager Appointments in Africa, Indian Ocean and the Middle East
»  Cygnett Hotels & Resorts appoints Amit Mahajan as Chief Growth Officer
»  Pride Group of Hotels announces promotions system wide
»  Sayaji Hotels expands its presence in Madhya Pradesh with the signing of 6 new properties
»  7 Apple Hotels & Resorts Brings Hospitality Experience To The Business Capital of India
»  25 hotels and resorts managed by Concept Hospitality win Trip Advisor’s Travellers Choice Award for the year 2022
»  Rester Hotels & Resorts forays in Mumbai
»  Rester Hotels & Resorts launches two hotels in Hyderabad’s HiTec City and Kukatpally
»  Minor Hotels announces agreement with DGDA in KSA, to develop an Anantara Hotel in Diriyah
»  Araiya Hotels and Resorts unveils Araiya Anthology appointed as operator for Avas Living in Alibaug
»  HAI raises concern over raids & imposition of fines on Hotels in J&K
»  VITSKamats Group to launch 'VITS Select', its new portfolio of mid-market hotels
»  VITSKamats Group to launch 'VITS Select', its new portfolio of mid-market hotels
»  Minor Hotels Continues to Grow Footprint in MENA in 2022
»  The Leela Palaces, Hotels and Resorts embarks on a journey of holistic wellbeing with 'Aujasya by The Leela'
»  Pride Hotels Ltd. to expand its footprints to 100 hotels by 2030
»  Brenners Park-Hotel & Spa in Baden-Baden is celebrates 150th anniversary.
»  Lemon Tree Hotels signs a new property in Malad, Mumbai
»  Leisure Hotels Group Announces the Opening of Fishermen’s Lodge In Bhimtal
 
CoverStory
Analysis
 
  The Indian Institute of Architects (IIA) Natcon 2020 virtual event concludes successfully
  Winners of The Park Elle Décor Student Contest felicitated at Indian Design ID 2020
 
weekly
Receive the best of Hospitality content in your mailbox.
Weekly e-Newsletter
Events Calendar




Events
 
 
people
interview
newappoint
expert
© Copyright 2016 Saffron Synergies Pvt Ltd
HOME   |   ABOUT US   |   CONTACT US   |   FEEDBACK   |   DISCLAIMER   |   SITE MAP   |   ARCHIVES