Lavasa Corp gets Sebi nod to raise Rs 750 crore via IPO

Report said that the company had filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) in July this year for the proposed public offer.

Nov 11, 2014 03:11 IST India Infoline News Service

Lavasa Corporation, the realty arm of construction major HCC, has received market regulator Sebi's approval for raising Rs 750 crore through an initial public offer (IPO).
Report said that the company had filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) in July this year for the proposed public offer.
Sebi issued its final observations on the draft offer documents on November 7.
The proceeds from the current issue would be used to fund the company's growth. 

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