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Article: Realty firms eye stock mkt with over USD 5 bn IPO plans.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- November 20, 2006
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Realty firms eye stock mkt with over USD 5 bn IPO plans
New Delhi, Nov 20 (PTI) On the heels of huge success of Parsvnath Developers' public issue that generated demand for over Rs 600 billion worth shares, domestic real estate firms are planning to raise nearly Rs 225 bn through their public offerings.
The presence of Indian property sector has been negligible on the Dalal Street so far with a handful of listed realty firms accounting for less than 1 per cent of the country's overall stock market capitalisation.
However, it could be a different scenario altogether with more than a dozen companies finalising their plans to hit the capital ...