Prestige Estates signed a Rs 3,000 crore deal with Canada's CPPIB for a 27% stake in its hospitality arm, Prestige Hospitality Ventures Limited

Wed 30 Sep 2026

Deal value

3,000 crore rupees

Stake sold

27 percent

Platform valuation

11,100 crore rupees

Prestige market cap

70,500 crore rupees

Tranche 1 equity

350 crore rupees

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

• Prestige Estates inked a Rs 3,000 crore deal with CPPIB for 27% stake in Prestige Hospitality Ventures Limited.
• Deal follows Prestige scrapping its hotel arm's IPO plan.
• Stake purchase to be done via mix of equity and CCPS (convertible preference shares) across three tranches: Rs 350 crore equity + Rs 550 crore Series A CCPS, Rs 750 crore Series B CCPS, and Rs 750 crore Series C CCPS.
• Deal values the hospitality platform at over Rs 11,100 crore versus Prestige's own market cap of Rs 70,500 crore.
• Majority of capital will be used to support the platform's continued expansion, company said.

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