Prestige Hospitality Ventures Gets SEBI Nod for ₹2700 Crore IPO

Imagine a company that owns and develops fancy hotels in India, like the ones you might stay at on vacation.

This company, Prestige Hospitality Ventures, wants to raise money by selling shares to the public, like how some companies do to build more hotels.

The company got permission from a financial regulator called SEBI to do this, and will use the money to pay off debts and grow its business.

This is happening because people are more confident about traveling and staying in nice hotels.

They have hotels with brands like Marriott, and the revenue from services has increased.