Shriram Properties lays foundation for IPO

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Shriram Properties lays foundation for IPO

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PRAGUE, CZECH REPUBLIC - JANUARY 12, 2019: Red thumbtack in a map. Pushpin pointing at Mumbai city in India. | andriano_cz - stock.adobe.com

Shriram Properties is gunning for an IPO of about Rp8bn ($117.3m) in India. The company announced its plans as fellow real estate company Macrotech Developers sealed its deal at the top of the price range.

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