Omaxe set to raise Rs. 300 crore.

Real estate firm Omaxe plans to raise about Rs. 300-400 crore from equity market. The capital will be used to launch six projects across North India.

Mohit Goel, CEO, said, 'We are yet to finalise the route. It will be either through QIP (qualified institutional placement) or IPP (institutional placement programme).' The company is also in the process of launching six to seven projects in Indore, Bhiwadi, Rohtak, Chandigarh, Faridabad, Jaipur and Vrindavan. The launches would happen in the second quarter of the current financial year, he added.

BS