India: Lodha Developers looking to raise up to $1b via IPO

India: Lodha Developers looking to raise up to $1b via IPO

Lodha Developers had planned an IPO of Rs2,800 crore in 2010, but it was shelved due to a weak stock market. Photo: Mint

Lodha Developers is looking to raise up to $1 billion through an initial public offering (IPO) that is likely to be launched in 2018, two people with knowledge of the plan told IFR, a Thomson Reuters publication.

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