Godrej Properties And Lodha Developers To Launch IPO
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Published: August 14, 2009 at 3:49 PM |
Author: Administrator
News Source: 6 Aug 2009 - Business Standard |
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According to investment banking sources, private property developers such as Godrej Properties and Lodha Developers may tap capital markets in the next three-four months to raise funds for their ventures. Godrej Properties, part of the Godrej group, may float an initial public offer of around Rs 500 crore in the next three months, as per the sources. Another Mumbai-based developer, Lodha Developers, is also looking at an IPO of Rs 2,000 crore by the year end.
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