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RMZ in talks with bankers for $300 million REIT offering

RMZ in talks with bankers for $300 million REIT offering

Monday, March 13, 2017, 12:49 PM

Real estate developer RMZ Corp. has started the process of selecting investment banks to manage its initial public offering (IPO) for its proposed real estate investment trust (REIT) which could see the developer raise more than Rs2,000 crore, three people aware of the development. RMZ may sell a stake in 20 million sq. ft of commercial rental property via REIT.
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