Property developer RMZ mulls $1 bn IPO

RMZ Corp., one of India’s biggest developers, is considering an initial public offering (IPO) that may raise as much as $1 billion, according to people familiar with the matter, paving the way for one of the country’s largest real estate listings.

- Bloomberg

The Bengaluru-based company has held preliminary discussions with bankers about a potential listing, the people said, asking not to be identified as the discussions are private. The offering is likely to take place later next year, they said.