for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Money News

Hindustan Construction plans Lavasa IPO by Q3/Q4 FY11

MUMBAI (Reuters) - Hindustan Construction Co Ltd is planning an initial public offer (IPO) of its Lavasa project by the second or third quarter of next year, a top official said on Monday.

“We are looking at a IPO in Lavasa, but not in the near future. We feel that Lavasa should go for IPO somewhere in the second or third quarter of next year,” Praveen Sood, chief financial officer, HCC, told news channel CNBC-TV18.

The company is not looking at any equity investment and has received full financial closure of 22 billion rupees for the project, he said.

Reporting by Nandita Bose and Rajesh Kurup; Editing by Sunil Nair

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up