Sahara Prime City Ltd., an Indian property company planning an initial share sale, is in talks to raise as much as 10 billion rupees ($214 million) from private equity investors, Chief Executive Officer Sushanto Roy said.
The company plans to raise 34.5 billion rupees selling shares for the first time, Sahara Prime said in a filing to the market regulator on Oct. 1 The Lucknow, India-based company plans to sell shares in the first quarter of next year, Roy, said in an interview in Mumbai today. (Bloomberg)