Public RelationsSahara Prime holds talks to raise $214 mn
Sahara Prime City Ltd, the company planning India’s second-largest real estate initial public offering in more than two years, is in talks to raise as much as Rs 1,000 crore ($214 million) from private equity investors.
- Over 60 firms await Sebi nod for share sale worth Rs 50,000 cr - Sahara realty arm files IPO prospectus, to raise Rs 3,450 cr - Sahara Prime City plans to raise Rs 5,000 cr in IPO - Sahara realty arm plans IPO to mop up Rs 5K cr - Sahara to invest Rs 2,000cr in healthcare - HC grants time to Jet, Sahara to file affidavits
“Global funds are keen to invest in India,” Chief Executive Officer Sushanto Roy said in an interview in Mumbai today. He declined to say when the stakes may be sold. The Lucknow, India-based company plans to sell shares in the IPO in the first quarter of next year, according to Roy. Sahara, Emaar MGF Land Ltd and Lodha Developers Ltd are among developers that are seeking the regulator’s permission to raise more than Rs 12,600 crore.