Brigade enterprises, a Bangalore based real estate company, on Friday announced establishment of a shopping mall and a three star hotel at Chennai.
The company’s director Vinnet Verma told a press meet that the hotel would come near the TIDEL park here and the mall would come at Rajiv Gandhi Road, the IT corridor in the city.
It also wanted to create a land bank for construction of residential, commercial and hospitality property all over the country, he said.
The company would be tapping the capital market to fund the projects through its IPO.
Over 16.62 shares of Rs.10 each would be offered for sale in a price band ranging from Rs.351 to Rs.390 per share. The issue opens on December 10 to close on December 13,he said. Source: hindu
