Post IPO, Park Hotels will be a debt-free company for foreseeable future: Priya Paul
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.
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