Lodha Developers looking to raise $1 billion via IPO

15 Jul 2014

Mumbai-based Lodha Developers are planning an initial public offering (IPO) that may raise as much as USD 1 billion, reported Bloomberg.

The sale may value Lodha at as much as USD 10 billion, as per the media reports.

The company will probably start trading next year.

Lodha is seeking a listing after home prices in Mumbai more than doubled in the five years through March, reported media.

A USD 1 billion IPO would be India's biggest since 2010, when CIL's share sale raised USD 3.4 billion, reported Bloomberg.

Source: Dion Global Type: IPO Related

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