Prestige Hospitality Ventures withdraws IPO draft papers amid uncertain market conditions

Realty firm Prestige Estates Projects Ltd on Friday (September 25) said its subsidiary Prestige Hospitality Ventures Ltd (PHVL) has withdrawn its Draft Red Herring Prospectus (DRHP) filed with SEBI for a proposed initial public offering (IPO) of its equity shares."We wish to inform you that our sub…