Press: VHDC targets IPO in the next six months.
The Economic Times
Vakil Housing Development Corporation ( VHDC ) proposes to tap the capital markets in the next six months. ” We’re looking at the IPO route to raise funds. The details of the same are being worked out, ” said M A Vakil, chairman & mangaging director, VHDC, adding that the proceeds from the IPO would be
utilised to fund the company’s land-bank acquisition and related expansion plans. The company, a leading layout developer, has so far developed 8.8 millions sq ft of land in and around Bangalore.
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