Brigade Hotel Ventures Ltd, a wholly-owned subsidiary of Brigade Enterprises Ltd, has filed draft papers with Sebi to raise Rs 900 crore through an initial public offering (IPO). The IPO will consist entirely of a fresh issue of equity shares, with proceeds allocated for debt repayment, acquisitions, and general corporate purposes. Notably, Rs 107.52 crore will be used to purchase land from its promoter, Brigade Enterprises Ltd.