Lodha Developers looking to raise $1 billion via IPO
15/07/2014 15:11
Mumbai-based Lodha Developers are planning an initial public offering (IPO) that may raise as much as USD 1 billion, reported Bloomberg. The sale may value Lodha at as much as USD 10 billion, as per the media reports. The company will probably start trading next year. Lodha is seeking a listing after home prices in Mumbai more than doubled in the five years through March, reported media. A USD 1 billion IPO would be India's biggest since 2010, when CIL's share sale raised USD 3.4 billion, reported Bloomberg.
15/07/2014 15:11
Mumbai-based Lodha Developers are planning an initial public offering (IPO) that may raise as much as USD 1 billion, reported Bloomberg. The sale may value Lodha at as much as USD 10 billion, as per the media reports. The company will probably start trading next year. Lodha is seeking a listing after home prices in Mumbai more than doubled in the five years through March, reported media. A USD 1 billion IPO would be India's biggest since 2010, when CIL's share sale raised USD 3.4 billion, reported Bloomberg.
