Blackstone-backed Ventive Hospitality trims IPO size, targets $1.77 bn valuation

Ventive Hospitality Ltd, which is backed by private equity firm Blackstone, has reduced the size of its initial public offering that will make the company India’s fourth-largest hotel chain by market capitalisation.  The IPO, which opens Friday, will consist entirely of a fresh issuance of shares and Blackstone and other existing ......