Subsidiary of Hindustan Construction Company (HCC) Lavasa Corp has decided to go for an IPO yet again says Sachin Karpe. The entity has filed documents with SEBI for the launch of an Initial Public Offering to raise Rs 750 crore. Lavasa Corp has been developing a township in 10,000 hectares in Lavasa near Pune.
In November, 2010, Lavasa Corporation had got the SEBI clearance for an IPO to raise up to Rs 2,000 crore, but bad market conditions forced the company to scrap the plan.
0 comments:
Post a Comment