Oberoi Constructions IPO : plans to raise Rs 1,000-crore

by khalid on 12/09/2009 · 0 comments

Oberoi Construction

Oberoi Constructions, one of India’s most prominent real estate developers, plans to raise Rs 1,000 crore through an IPO by first quarter of the next calender year. Things are in initial stage and draft is in preparation stage to file to the SEBI. Vikkas Oberoi of Oberoi Construction informed the press on 12th Sep, 09.

The proceeds from the IPO will be used into buying more properties, informed company executives. The city-based Oberoi Construction manages a portfolio of 26 projects spanning across residential, commercial and retail properties in Mumbai.

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