Sensex 29182.95 -498.82 -1.68%
Nifty 8808.9 -143.45 -1.6%
Global Logistic Properties, which is partly owned by Government of Singapore Investment Corp., is planning to list its Japanese assets through a real estate investment trust in an initial public offering in Japan, according to a report.
The report stated that the company plans raise at least 100 billion yen.
GLP, which listed on the Singapore Exchange late last year, has hired Citigroup, Goldman Sachs and Nomura Holdings as the main underwriters for the IPO, says report.
India Infoline News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.