Prestige Estates Projects533274Real estate
Canada Pension Plan Investment Board to acquire 27% stake in Prestige Hospitality Ventures, a subsidiary of Prestige Estates, for Rs 3,000 crore
- Stake acquired
- 27 percent
- Deal value
- 3,000 crore rupees
- Hospitality platform valuation
- 11,100 crore rupees
- Prestige Estates market cap
- 70,500 crore rupees
Heard on Live TV News Channel between 08:18:34 - 08:19:49 IST.
- CPPIB to acquire close to 27% stake in Prestige Hospitality Ventures for Rs 3,000 crore
- Majority of capital to be used to support the platform's continued expansion
- Deal in three tranches: first tranche 950 crore equity issuance plus 550 crore CCPS; second tranche 750 crore CCPS; third tranche another 750 crore CCPS
- Deal values Prestige Hospitality platform at slightly over Rs 11,100 crore, compared to Prestige Estates market cap of over Rs 70,500 crore
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Source: Live TV News Channel · 30 Sep 2026
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