Kolkata-based Ambuja Neotia group has pushed back its plan for an initial public offer of its hospitality business while also exploring the option of bringing in private equity money, according to Harshavardhan Neotia, chairman of the group.

Early this year the group had indicated starting preparatory work for the planned IPO to raise funds for its hotels vertical and there were talks of filing a draft prospectus by December-end.

“It is in abeyance at the moment,” Neotia told businessline in a chat over the weekend. The structuring of the hotel projects is still under process to bring it under one entity and make it ready for an IPO or be ready to receive money from a private equity. Both routes were open, he said.

The restructuring is expected to be completed by June next year. “May

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