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Lodha and Godrej eyes equity sale for their next ventures

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Leading realty names of India Lodha and Godrej are making their full movements for some funds rise for their coming projects with the sell of the equity. For the Godrej group, there may be a float of Rs 500 crore with the mode of Initial Public Offering in the coming months where company is tending to disburse 9.4 million of equity shares as per the sources available on www.propertykhazana.com. It is further known that this sell is comprised of 13.5 percent paid up capital and the company is also initiating process for pre IPO placement 2.4 million shares with interested investors.
No comments were available from the Godrej units regarding the recent deals of equity but confidential sources reveals that the collected sum will be used for banking land some other construction works.
Mumbai based Lodha Developers, also walking the same ramp of Godrej with IPO amounting Rs 2000 crore by the last quarter of the year and is making ways for filing DRHP as added on www.propertykhazana.com. All the strategy of the company is on the first stage of processing and final verdicts are yet to come as company points many other ways to raise funds apart from the Initial public offering. For more and latest Indian real estate news browse www.propertykhazana.com.
Source: NBTVLIVE

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