Lodha Developers likely to reduce size of its IPO2 min read . Updated: 30 Aug 2018, 10:13 AM IST
Promoters were seeking a valuation of 33,000-35,000 crore from the Lodha Developers IPO, which has now been reduced to 26,000-28,000 crore
Mumbai: Realty firm Lodha Developers Ltd is likely to reduce the size of its initial public offering (IPO) following lukewarm interest from investors, said three people aware of the development. In April, Lodha Developers had filed the draft IPO prospectus with Securities and Exchange Board of India (Sebi). According to the document, the company had planned to raise ₹ 3,750 crore in primary capital to lower its debt.
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