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Omaxe set to raise Rs 300 crore

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Mansi Taneja
Last Updated : Jun 30 2014 | 1:32 AM IST
Real estate firm Omaxe plans to raise about Rs 300-400 crore from equity market. The capital will be used to launch six projects across North India.

Mohit Goel, CEO, said, "We are yet to finalise the route. It will be either through QIP (qualified institutional placement) or IPP (institutional placement programme)." The company is also in the process of launching six to seven projects in Indore, Bhiwadi, Rohtak, Chandigarh, Faridabad, Jaipur and Vrindavan. The launches would happen in the second quarter of the current financial year, he added.

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First Published: Jun 30 2014 | 12:25 AM IST

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