Canadian Pension Fund to buy 27% stake in Prestige Estates' hospitality ventures arm for about Rs 3,000 crore

Wed 30 Sep 2026

Stake being sold

27 percent

Deal value

3,000 crore rupees

Hospitality platform valuation

11,100 crore rupees

Prestige market cap

70,500 crore rupees

Tranche 1 equity

950 crore rupees

Heard on Live TV News Channel between 09:12:44 - 09:13:59 IST.

• Deal to be executed in three tranches: first tranche Rs 950 crore equity plus Rs 550 crore series A convertible preference shares, second tranche Rs 750 crore series B convertible preference shares, third tranche Rs 750 crore series C convertible preference shares.
• Capital to be used for continued expansion of the hospitality ventures platform.
• Deal values the hospitality platform at close to Rs 11,100 crore, based on 27% stake for Rs 3,000 crore.
• This compares to Prestige's own market cap of a little over Rs 70,500 crore.
• Called a positive development as it unlocks value for Prestige.

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