Sahara Prime City IPO : Plans to raise Rs 3500 crore

by khalid on 11/12/2009 · 1 comment

sahara

Sahara Prime City (SPCL) is a real state subsidiary of Sahara Group. The company is planning to raise Rs 3500 crore through an initial public offer (IPO). The Sahara Group, once a high-profile finance company that diversified at break-neck speed into disparate activities, appears to have
quietly undergone a makeover. After staying virtually under the radar for the past few years, it is all set to re-emerge with a new focus: real estate.

The company already completed and sold four township projects in Lucknow, Hyderabad, Bhopal and Gorakhpur and two residential projects in Gurgaon and Lucknow. Sahara Prime City (SPCL), which is headed by 35-year-old Sushanto Roy, the elder son of Subrata Roy. Sushanto said the total debt on the SPCL is just 0.16 times of its capital.

The proceeds if this IPO is to focus and grow this business, and for the purposed projects.

Related Posts Plugin for WordPress, Blogger...

Leave a Comment

{ 1 comment… read it below or add one }

Amrendra February 3, 2010

Sahara is fraud company…they had books the flats in 2004 for all over the city through different program, and they have not done any thing. you don’t get any information on their website.
saharaprimecity.com …all links are broken.

Reply

Previous post:

Next post: