Real estate stocks such as DLF, Oberoi Realty, Godrej Properties and Sobha may remain in focus, as the Bengaluru-based Embassy Property Developments Pvt Ltd, plans to raise ₹4,750 crore from an initial public offering that opens on March 18. The price band for the Embassy Office Parks REIT IPO is ₹299-300 apiece. If the IPO turns successful, market participants expect other realty companies facing huge debt to also raise funds through the REIT route.
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.