News From Press Park Hotels files draft papers with Sebi for Rs 1,000 crore IPO

Park Hotels files draft papers with Sebi for Rs 1,000 crore IPO

Source: The Economic Times Jan 2, 2020

Apeejay Surrendra Park Hotels has filed draft papers with markets regulator Sebi for its proposed initial public offering to raise up to Rs 1,000 crore. The IPO comprises a fresh issue of up to Rs 400 crore and an offer-for-sale (OFS) of up to Rs 600 crore.

The amount to be raised through OFS comprises up to Rs 125.4 crore by promoter selling shareholder, up to Rs 354.9 crore by Apeejay Pvt Ltd, up to Rs 84.7 crore by Apeejay House Pvt Ltd and Rs 34.9 crore by investor
selling shareholders, according to the draft red herring prospectus (DRHP).

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