Lodha Developers: Lodha Developers plans to raise Rs 2,500 crore with 10% dilution through IPO
MUMBAI: Mumbai-based realtor Macrotech Developers or erstwhile Lodha Developers is looking to raise up to Rs 2,500 crore by diluting 10% stake in the company through an initial public offer (IPO) in the next few months. For the proposed share sale, India’s largest real estate developer by residential sales has filed its draft red herring prospectus (DRHP) with the capital market regulator late Tuesday. This is the third time the developer is proposing to take the company public with a share sale after attempting the same in 2009 and 2018 and later deferring the issue in the backdrop of unfa...
Source: indiatimes.com