Blackstone-backed Ventive Hospitality's Rs 1,600-cr IPO to open on December 20

economictimes.indiatimes.com:

Blackstone Group and Pune-based Panchshil Realty’s joint venture platform, Ventive Hospitality's Rs 1,600-crore initial public offering (IPO) is set to open on December 20 and close on December 24.

The anchor book for the maiden share sale of the hospitality asset owner with a primary focus on luxury offerings across business and leisure segments is scheduled to open on December 19.

The price band for the issue will be announced on December 17, the company said.

The total offer size comprises of up to equity shares of face value of Rs 1 each aggregating up to Rs 1,600 crore.

The net proceeds will be used towards the repayment or prepayment of certain of borrowings availed by the company including payment of interest accrued thereon.

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