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Prestige Hospitality Ventures Limited secures INR30bn from CPP Investments to support expansion of its luxury hotel portfolio in India.
Amount Raised
₹30 Billion
Round Type
Venture
Investors
Description
Canada Pension Plan Investment Board is investing INR30bn (€321m) to acquire a 27% stake in Prestige Hospitality Ventures Limited. This capital will support PHVL's expansion across its operating luxury and premium hotel portfolio in India. CPP Investments' investment focuses on India's growing hospitality sector, enhancing Prestige's development capabilities and market understanding. Both parties aim to create a scaled hospitality platform while delivering value for stakeholders.
Fundz sees it the moment Prestige Hospitality Ventures Limited raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Prestige Hospitality Ventures Limited raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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