Mumbai-based infrastructure and real estate firm Futura Infraprojects has offloaded 10 per cent equity stake to US-based private equity major Frontline Ventures for $40 million (Rs 160 crore). Separately, the company is planning to raise around Rs 250 crore through a public float that is expected to hit the markets by August. The company intends to use the proceeds from the private placement and the initial public offering (IPO) for its expansion plans. The company is likely to file the draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) in May. […]