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Apeejay Surrendra Park Hotels, led by MD Vijay Dewan, reported a consolidated EBITDA margin of 35% for the past year, with plans for further improvement through efficiency measures and hotel upgrades. He says going forward, the EBITDA margins are going to further improve and a significant improvement in PAT in the coming year is expected as well. ....
Priya Paul mentions that the company is raising Rs 920 crore through an IPO, with Rs 600 crore being used to retire debt and the remaining Rs 320 crore being an OFS. This will make the company debt-free and provide the opportunity to invest in own properties and expand the QSR Flurys brand. The company plans to open 830 own properties and develop the asset light brand zone by the park across India. ....
Suite Dreams to Stock Streams: Park Group announces its IPO bilkulonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bilkulonline.com Daily Mail and Mail on Sunday newspapers.
What Park Hotels' IPO on Feb 5 Says About Its Expansion Plans skift.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from skift.com Daily Mail and Mail on Sunday newspapers.
Apeejay Surrendra fixes IPO price band in the range ₹147-155 thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.