Indian Property Company to List in London

Indian Property Company to List in London
Monday, November 13, 2006

Investors looking for exposure to the Indian real estate sector will have another choice this week through a property investment company that aims to list in London.

Ishaan Real Estate PLC, which starts its roadshow today, is essentially a listed fund with an initial portfolio of eight property assets that will be majority owned and developed by K Raheja Corp, one of India’s leading real estate developers. K Raheja Corp, which will also be a shareholder in the listing vehicle, is run by the Raheja family which has been active in the country’s real estate market for several decades. The hope is to raise about £180 million ($340 million).

SOURCE-http://www.financeasia.com/article.aspx?CIaNID=42047

Photo: Welford Place in Leicester city centre – geograph.org.uk – 7676053 by Mat Fascione, licensed under CC BY-SA 2.0, via Wikimedia Commons.