Raheja Universal plans $188.5 mn IPO

Written by Agencies | Mumbai | Updated: Mar 31 2010, 20:59pm hrs
Indian real estate firm Raheja Universal plans to raise about 8.5 billion rupees ($188.5 million) through an initial public offering of shares, two sources with direct knowledge of the deal said on Wednesday.

Morgan Stanley, Citibank, Kotak Securities and Enam Securities are the arrangers to the deal.

($1=45.1 rupees)