Unitech, India's largest publicly traded real estate firm, has announced plans to raise over EUR 532 mln through a listing of its new real estate investment company, Unitech Corporate Parks, on the London Stock Exchange's Alternative Investment Market (AIM).
Unitech, India's largest publicly traded real estate firm, has announced plans to raise over EUR 532 mln through a listing of its new real estate investment company, Unitech Corporate Parks, on the London Stock Exchange's Alternative Investment Market (AIM).
Unitech Corporate Parks, incorporated in the Isle of Man, will invest the proceeds of the initial public offering (IPO) in the Indian commercial real estate sector, beginning with the acquisition of majority stakes in six commercial real estate development projects. The company will probably co-invest alongside Unitech Limited and its affiliates. Unitech Limited announced a market capitalisation of $8.9 bn (EUR 6.7 bn) this week, confirming its place as the largest listed real estate developer in India.
Earlier this week, Yatra Capital announced plans to become the first Indian real estate company to list on the Euronext stock exchange in Amsterdam.
