Real estate developer Puravankara Projects Ltd has set a price band of 80 to 85 for its up to 184 crore share sale, it said in a statement late on Tuesday.

The company aims to sell 21.57 million shares to qualified institutional investors on Thursday.

Axis Capital, JPMorgan and Kotak Mahindra Capital are the book-running lead managers to the issue.

Shares of Puravankara, valued by the market at about 2,050 crore, ended at 95.65 on Tuesday.

Earlier this month, DLF Ltd, India’s biggest real estate company by market value, raised about 1,863 crore through a share sale to qualified institutional investors.

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