Lavasa IPO to be deferred by upto 6 months

Lavasa IPO to be deferred by upto 6 monthsHindustan Construction Lavasa Initial public offering by unit may be delayed by nearly 6 months, said 3 sources with right knowledge, following the ministry of environment commanded reasons never to close its town constructing project.

The environment ministry granted the notice on Friday requesting Lavasa to offer explanations why the government shouldn’t raze all construction after 2006 in the project, that is building a luxurious house development.

Lavasa Rs 20,000 crore IPO was likely to be started next month

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