Brigade Hotel Ventures files DRHP with SEBI
Brigade Hotel Ventures Limited, the second largest owner of chain-affiliated hotels and rooms in South India among major private hotel asset owners, has filed its Draft Red Herring Prospectus (“DRHP”) with market regulator Securities and Exchange Board of India (“SEBI”)
Brigade Hotel Ventures files DRHP with SEBI
Mumbai, Nov 01: Brigade Hotel Ventures Limited, the second largest owner of chain-affiliated hotels and rooms in South India among major private hotel asset owners, has filed its Draft Red Herring Prospectus (“DRHP”) with market regulator Securities and Exchange Board of India (“SEBI”). The Company’s initial public offering comprises of a fresh issue of Equity Shares of face value of ₹10 each aggregating up to ₹900 Crores.
Brigade Hotel Ventures Limited is a wholly-owned subsidiary of Brigade Enterprises Limited which is one of the leading Indian real estate developers in India.
JM Financial Limited and ICICI Securities Limited are the Book Running Lead Managers to the issue.
