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Lavasa Corporation gets SEBI nod for Rs 2,000 crore IPO

22 Nov 2010 Evaluate

Hindustan Construction Company`s subsidiary, Lavasa Corporation, has been given the green signal for a Rs 2,000 crore initial public offer (IPO) by the Securities and Exchange Board of India. In September, Lavasa Corporation had filed a draft red herring prospectus (DRHP) with the market regulator for the proposed IPO.

Hindustan Construction Company (HCC) holds a stake of about 65 per cent in Lavasa, while Gautam Thapar controlled Avantha Group is the second largest shareholder with a 16 per cent stake. Other shareholders include Venkatesh Hatcheries with a 13 per cent stake and Pune based investor, Vinay Maniar, who holds a 6 per cent stake in the company.

Lavasa is a planned hill city being developed by HCC near Pune. The master plan for Lavasa was drawn up by internationally renowned design consultant HOK of the USA. crackcrack

HCC Share Price

23.31 -1.05 (-4.31%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 3973.60
Rail Vikas Nigam 305.00
NCC 169.85
KEC International 598.10
Kalpataru Projects 1274.45
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