18.02.2010 - India: Realty firms mulls to raise $5.7 bln in 18 months
From Business-standard.com: Real estate players plan to raise a whopping $5.7 billion over the next 18 months through public offer and private placement of shares to fund projects and repay debts, property consultant Jones Lang LaSalle Meghraj (JLLM) said. "At least $2.45 billion is expected to be raised through QIPs for which real estate players have shareholders' approval and the remaining $3.31 billion is likely to come from IPOs," Jones Lang LaSalle Meghraj Associate Director (Research) Abhishek Kiran Gupta said........................................Full Article: Source
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