You are here: Home >> Articles & Tutorials >> SAHARA PRIME CITY PLANS TO RAISE RS 5,000 CR IN IPO

SAHARA PRIME CITY PLANS TO RAISE RS 5,000 CR IN IPO

By zameensantosh on Aug 28, 2009 |Business

Was this helpful? 0 0 Comments



Normal 0 false false false MicrosoftInternetExplorer4 st1:*{behavior:url(#ieooui) } /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} Sahara group’s realty arm Sahara Prime City is planning to raise up to Rs5,000 crore by this year-end through an initial public offer (IPO) and willapproach market regulator SEBI later this month in this regard. The company isbelieved to have engaged investmentbankers , including Kotak, Enam and JM Financial, for the public issue,market sources said. The draft prospectusfor the IPO is being readied and the same could be filed with the Securitiesand Exchange Board of India by the end of this month. No comments could beobtained from the Sahara group spokesperson,but sources said the group would wish to launch the IPO by the end of thisyear, subject to Sebi approval. Sahara Prime City will be the third Sahara group entity to enter the capital market after Sahara Housingfina Corp Ltd andSahara One Media and Entertainment Ltd. It is present in over 200 cities with its housing and commercial projects .However, the group’s ambitious Ambey Valley project is notpart of the company Courtesy:- BS dt:-21-08-09  

Was this helpful? 0 0 Comments

Do you enjoy this post? Help us better!

You're reading SAHARA PRIME CITY PLANS TO RAISE RS 5,000 CR IN IPO.

Comments

Hot Topics People Are Chatting

My Questions & Articles

Find latest questions, answers and articles.

Questions I Ask

Questions I Follow

Articles I Share

Do you like it? Share with friends!

Don't forget to follow us!

If you like our tutorials and answers, please give us a +1!