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2025-07-24 04:08:05| The Economic Times

Brigade Hotel Ventures launched its IPO today. The IPO aims to raise 759.6 crore. The price band is 8590 per share. The IPO will close on July 28. Listing is expected on July 31. The company plans to expand to 14 hotels by FY29. Brokerages have a mixed view on the IPO. High valuations are a concern.


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2025-07-24 04:04:12| The Economic Times

Mahindra Holidays & Resorts, a Vijay Kedia portfolio stock, reported a robust 69% YoY surge in standalone net profit to 76 crore for the June quarter. Revenue climbed 5% to 369 crore, with EBITDA soaring 42% to 161 crore. MD & CEO Manoj Bhat highlighted strong domestic performance and resilience in European operations despite currency headwinds.


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2025-07-24 02:40:58| The Economic Times

Brigade Hotel Ventures plans to raise 759.6 crore through an IPO to reduce debt and acquire land, potentially decreasing promoter stake to 74.1%. A significant portion of its revenue is concentrated in Bengaluru, particularly from the Sheraton Grand Bangalore. While revenue and occupancy have increased, investors are advised to monitor performance post-listing due to high valuation compared to peers.


Category: News and Media

 

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