Prestige Hospitality Ventures, the Prestige Group’s hospitality arm, has received SEBI approval for its ₹2,700 crore IPO. The IPO includes a fresh issue of shares and an offer for sale by Prestige Estates Projects. Proceeds will be used for debt repayment, acquisitions, and general corporate purposes, reflecting confidence in India’s premium hospitality sector.
L&T wins ₹5,000-10,000 cr ‘major’ order to build 3 battery storage projects in Middle East
Larsen & Toubro said its renewables business has won a major order in the Middle East to develop three battery energy storage system projects with