Lodha eyes August launch for $732m India IPO

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By John Loh
17 Jul 2018

Lodha Developers may hit screens with its Rp50bn ($732m) IPO in India next month as the lead banks wait for markets to calm down.

The Securities and Exchange Board of India approved the fundraising earlier this month, two weeks after putting it on hold amid a probe into “past violations” that it did not specify.

Lodha is the largest real estate developer in India, based on residential sales for the nine months ...

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