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India HCC unit files for 20-bln rupees IPO
Indian land developer Lavasa Corp, majority-owned by Hindustan Construction Co Ltd, has filed for a Rs 2000 crore ($445 million) initial public offer, HCC's Chairman Ajit Gulabchand said on Sunday. He was speaking on the sidelines of the India Economic Summit, part of the World Economic Forum. Earlier, Lavasa had said it hopes to launch its IPO by December, if it gets speedy clearance for its