New Delhi based Raheja Developers is likely to launch an initial public
offering (IPO) within this fiscal to raise Rs 1,000 crore.
The company is yet to finalise the exact amount to be raised through IPO. The
proceedings of the IPO are likely to be used to fund its projects in two SEZs in
Haryana and meet its working capital requirements. However, the company has
disclaimed any such development.
Also See:
Raheja to
co-develop factories, housing units at Gurgaon SEZ (21-May-09)