HCC postpones Lavasa IPO plan

The company scaled down the share sale size to Rs.750 crore in 2014, as per a report.

May 17, 2016 09:05 IST India Infoline News Service

Hindustan Construction Company has postponed the proposed IPO for its Lavasa project for the third time.
The company scaled down the share sale size to Rs.750 crore in 2014, as per a report.
The company said that it would tap the primary market by last September, says report.
“Given the condition of the real estate sector, we feel that it is not the right time to file for an IPO and we will wait for the right time,” HCC Group Chief Financial Officer Praveen Sood was quoted as saying as per a report.

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