Godrej Properties To File For Ipo In Few Days – TV

MUMBAI Reuters Godrej Industries Ltd chairman Adi Godrej said on Tuesday the groups real estate unit Godrej Properties will file papers for an initial public offer with the markets regulator in a few days.

We will file the prospectus with SEBI Securities and exchange Board of India in a few days Godrej told television channel CNBCTV18. We will be diluting about 10 percent stake.

The company is currently developing about 20 million sq ft in Mumbai Pune Kolkata Bangalore and Hyderabad.

Indian real estate firms hit by surging land costs and curbs on bank funding have rushed to the capital market as they expand to cash in on an urban real estate boom.

In 2007 real estate firms mopped up a third of all funds raised through public offers in India. Twelve real estate firms raised 151.85 billion rupees including the countrys largest real estate firm DLF which raised 2.25 billion.

About the writer:nbsp;nbsp;Acquire information on Real Estate at
www.propertyvertical.com

Related posts:

1. Using File Sharing In Viral Marketing
2. Using File Sharing In Viral Marketing
3. Dubai Properties Exhibited At Mumbai Extravaganza Targeting Indian Investor
4. We Buy Houses In Gwinnett County Georgia In 7 Days
5. We Buy Houses In Gwinnett County Georgia In 7 Days

Comments are closed.