CCI Approves CPPIB's Acquisition of Shareholding in Prestige Hospitality Ventures Limited
The Competition Commission of India (CCI) has granted approval for the acquisition of certain shareholding in Prestige Hospitality Ventures Limited by CPP Investment Board Private Holdings (4) Inc. This proposed combination involves the Canadian acquirer, which is managed by Canada Pension Plan Investment Board (CPPIB), obtaining a stake in the Indian hospitality company.
CPP Investment Board Private Holdings (4) Inc. is incorporated in Canada and operates as a professional investment management organization that manages the Canada Pension Plan Fund. The entity maintains a globally diversified portfolio across various asset classes including public equities, private equities, real estate, infrastructure, fixed income, and alternative strategies, often pursuing investments through partnership structures with funds.
Prestige Hospitality Ventures Limited is an Indian public limited company that forms part of the Prestige group. The company's primary business involves owning and developing luxury, upper upscale, upscale, and upper midscale hospitality assets throughout India. Its portfolio includes operating hotels, ongoing development projects, and upcoming properties, as well as serviced apartments catering to both business and leisure travelers.
The approval was officially posted on October 7, 2026, through the PIB Delhi release mechanism, with the document identified as Release ID: 2320365.