The proposed IPO comprises a fresh issue of equity shares worth Rs 260 crore and an offer for sale of 3.92 crore equity shares by existing shareholders. (Representative image: Unsplash) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Hospitality chain Pride Hotels is targeting to launch initial public offering by March 2026 to fund renovations of existing properties and pare debt, its chairman and managing Director Sureshchand Premchand Jain said.

The Pune-based company, which filed its preliminary papers with markets regulator Securities And Exchange Board of India in October, is awaiting regulatory approval to float the IPO.

The proposed IPO comprises a fresh issue of equity shares worth Rs 260 crore and an offer for sale of 3.92 crore equity shares by existing shareho

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