The Mumbai based K Raheja group, today raised Rs 1,500 crores on the London Stock Exchange's AIM - Alternate Investment Market for their group company Ishaan Realty.Ishaan is a real estate investment company promoted by K Raheja group and plans to invest in Indian real estate development projects located in the southern and western parts of the country - such as Hyderabad, Mumbai, Bangalore and Pune. They are also planning to build an IT SEZ.
Following the success of Ishaan Real Estate, Hiranandani Developer insiders talked about their plans to go for a listing on London Stock exchange with a mega float of $750 Million. Hiranandani are the developers of Mumbai's landmark for corporate executives, Hiranandani Gardens.
The main reason for these promoters to go for international listing is to get visiblity and also higher valuations for their company.
Tags: Raheja Real Estate, Ishaan IPO, Hiranandani IPO, Hiranandani Gardens
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