Real estate company JMD said on Thursday it has roped in property consultancy firm Cushman & Wakefield for an enterprise valuation, in line with its plans for a Rs 200-300 crore public issue in coming four-six months. JMD also hopes to raise a similar amount through private equity, for which it has already initiated discussions with five-seven players, Mr Sunil Bedi, Managing Director of JMD, said.
We have engaged Cushman & Wakefield to do our valuation, based on which we will decide on the quantum of equity to be offloaded. We are also talking to some private equity players and funds from US and Korea for raising up to Rs 300 crore within four months, Mr Bedi pointed out.
He said Cushman & Wakefields report on the companys valuation is expected in a fortnight. JMD hopes that getting listed would re-align the companys debt/equity ratio and also strengthen its branding and visibility in the market.
More : moneycontrol.com
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