Sahara Realty Arm In Talks With PE Firms To Raise $215M

Sahara Prime City, the real estate arm of the Lucknow-based Sahara Group, is in talks with private equity funds to raise $215 million. The company's CEO Sushanto Roy told Bloomberg that "global funds are keen to invest in India." Sahara had filed its draft red herring prospectus in September to raise around Rs 3,450 crore in an initial public offering (IPO).

Sahara Prime City's IPO is expected to be the second largest public offering in the real estate sector after DLF went public in 2007.