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Ahmedabad-based realty player JP Infrastructure Pvt Ltd (JPIPL) is in initial phase of talks with a foremost PE fund to raise around two hundred crore. The company is also planning to come out with an initial public offer and had selected Cushman & Wakefield in December preceding year for valuation of its assets.
According to a source the realtor is seeks to divest about ten per cent. The company will have 6 months to one year time to come out with an IPO while making way for the PE firm to exit. In the meantime, it is planning a big township project in Ahmedabad, retail malls in Vadodara and Surat, corporate park in Lower Parel in Mumbai.
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According to a source the realtor is seeks to divest about ten per cent. The company will have 6 months to one year time to come out with an IPO while making way for the PE firm to exit. In the meantime, it is planning a big township project in Ahmedabad, retail malls in Vadodara and Surat, corporate park in Lower Parel in Mumbai.
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