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Lodha Developers IPO: India’s biggest residential real estate player to raise Rs 2,500 cr

  • Lodha Developers is likely to file IPO papers with SEBI in the next two days. It is likely to raise Rs 2,500 -Rs 2,700 crore form the market which is likely to be used for debt reduction and new projects

Lodha Developers, which has been rechristened Macrotech Developers, is looking to raise Rs 2,500 -Rs 2,700 crore via an initial public offering (IPO) in the next few months. 

The Mumbai-based real estate player will file the IPO documents with market regulator Securities and Exchange Board of India (SEBI) amid sanguine market conditions and demand returning back to the sector.


READ MORE ON:

https://www.timesnownews.com/business-economy/companies/article/lodha-developers-ipo-indias-biggest-residential-real-estate-developer-to-raise-rs-2500-cr/721319

SOURCE: TIMES NOW NEWS

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