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IPO-bound Ventive Hospitality to buy, develop hotels as temple tourism rises
Blackstone and Panchshil together own more than 80% of Ventive Hospitality, which is set to raise ₹1,600 crore through an IPO. The proceeds of the IPO will be mainly used to pare debt. The price band is set at ₹610-643 and the IPO will remain open
Bengaluru: Ventive Hospitality Ltd, a joint venture between Pune-based real estate developer Panchshil Realty and global asset manager Blackstone, is looking to expand its hotel business to capitaliz… [+3983 chars]
