Skip to content
Subscriber Only

Lodha Said to Seek IPO Valuing Indian Developer at $10 Billion

The Indian developer of the world’s tallest residential tower in Mumbai is planning an initial public offering that may raise as much as $1 billion, said people with knowledge of the matter.

The sale may value Lodha Developers Pvt. at as much as $10 billion, according to one of the people. Shares of the Mumbai-based company will probably start trading next year, two of the people said, asking not to be identified as the deliberations are confidential.