Ishaan Real Estate, has announced plans to list on AIM and raise about £180m through a share offer.
It will use 70% of the funds raised to buy minority interests in property with a focus on IT park developments and Special Economic Zone developments in India.
Chairman Ian Henderson, former Land Securities chief, said, ‘The Indian property market is enjoying a period of high demand and Ishaan is well placed to benefit from this new market’s momentum and growth’.
References: EGi News 03/11/06
