K Raheja Corp Weighs $700 Million IPO, Targets $7 Billion Valuation

• K Raheja Corp Pvt., a major Indian real estate developer, is considering an Initial Public Offering (IPO) to raise up to $700 million.
• The Mumbai-based company aims for a valuation of approximately $7 billion, with the offering potentially occurring later this year.
• Preliminary discussions have been held with bankers, though formal advisers are yet to be appointed and deal details may change.
• This IPO could be one of India's largest in the real estate sector, following DLF Ltd.'s record 2007 listing.
• K Raheja's diverse portfolio includes commercial and residential properties, shopping malls (Inorbit malls), hotels (Chalet Hotels Ltd), and the Shoppers Stop department store chain.

Why It Matters: K Raheja Corp is exploring a significant $700 million IPO, aiming for a $7 billion valuation.