Godrej Properties to File for Ipo in Few Days – TV
Posted by admin | Posted in Properties | Posted on 25-11-2009
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MUMBAI (Reuters) – Godrej Industries Ltd chairman Adi Godrej said on Tuesday the group’s real estate unit, Godrej Properties, will file papers for an initial public offer with the markets regulator in “a few days”.
“We will file the prospectus with SEBI (Securities and exchange Board of India) in a few days,” Godrej told television channel CNBC-TV18. “We will be diluting about 10 percent stake.”
The company is currently developing about 20 million sq ft in Mumbai, Pune, Kolkata, Bangalore and Hyderabad.
Indian real estate firms, hit by surging land costs and curbs on bank funding, have rushed to the capital market as they expand to cash in on an urban real estate boom.
In 2007, real estate firms mopped up a third of all funds raised through public offers in India. Twelve real estate firms raised 151.85 billion rupees, including the country’s largest real estate firm DLF, which raised $2.25 billion.
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What are the properties of a plasma membrane in an animal cell?We all know that the plasma membrane is a highly selective membrane of an animal cell that limits the passage of water and water soluble components of substances that goes in and out of the cell. It also separates the cell from the outside environment. These are some functions of the plasma membrane, but what are its properties? I will be waiting for you reply, thank you.
