Public Market IPO
Real estate firm K Raheja Corp delays $700-M IPO plan
Source K Raheja Corp (opens in a new tab)moneycontrol (opens in a new tab)Business Standard (opens in a new tab)
Mumbai-based real estate developer K Raheja Corp has deferred its plans for an initial public offering (IPO) following “feedback from investment bankers”. The company, which had been exploring a public listing to raise approximately USD 700 million, has decided to postpone the transaction by at least a year.Founded in 1956, K Raheja Corp maintains a diversified portfolio spanning commercial real estate, residential projects, retail, and hospitality. Its operations include luxury hotels through Chalet Hotels, Inorbit malls, residential developments, and the department store chain Shoppers Stop. Additionally, the firm previously spun off its office portfolio into the publicly traded Mindspace Business Parks REIT.