Prestige Estates raises ₹3,000 crore from CPPIB for hospitality arm

Realty firm Prestige Estates Projects Ltd on Tuesday said its hospitality arm has raised Rs 3,000 crore from Canada Pension Plan Investment Board (CPPIB) by diluting a 27 per cent stake.In August this year, Prestige Estates had announced that Canada-based investment firm CPPIB will invest up to Rs…