Realtor Signature Global to raise Rs.1,000-Cr

Housing developer Signature Global (India) Pvt Ltd has hired investment bankers to raise around INR 1,000 crore through an IPO. Backed by KKR and HDFC Capital, Signature Global has appointed Axis Securities, ICICI Securities and Kotak Mahindra Capital Company to advise on the share sale. The existing investors of the Gurugram-based realty firm, including the World Bank's investment arm IFC, KKR, as well as HDFC Capital, may also pare their holdings through the share sale. Signature Global has a presence in both commercial and residential segments. It develops affordable housing projects across Gurugram, Karnal and Ghaziabad. So far, the company has launched 28 projects.