Brigade Hotel Ventures plans to raise ₹759.6 crore through an IPO to reduce debt and acquire land, potentially decreasing promoter stake to 74.1%. A significant portion of its revenue is concentrated in Bengaluru, particularly from the Sheraton Grand Bangalore. While revenue and occupancy have increased, investors are advised to monitor performance post-listing due to high valuation compared to peers.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets