Lodha Group files papers for a Rs 2,500 crore IPO
Updated : February 17, 2021 12:59 PM IST
Lodha Group’s proposed IPO size of Rs 2,500 crores is almost half of Rs 5,500 crores the group had intended to raise in 2018.
The proceeds from the share sale are expected to be used to pare down debt, which stood at Rs 17,176 crores as of March 2020.
This is the realtor’s third attempt at launching a public offering after 2009 and 2018.
Published : February 16, 2021 11:08 PM IST