Real estate firm Kumar Urban Development Ltd plans to raise 4.5 billion rupees through an initial public offering (IPO) to retire high cost debts and for new projects, a company official said on Wednesday.
About 2 billion rupees would be used to retire high cost debt, while the rest would be for new development and existing projects, Chairman and Managing Director Lalit Kumar Jain told Reuters in an interview
Tuesday, November 17, 2009
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