After a range of power packed IPOs like NHPC, Adani Power now Jaypee Infratech, a player in the buzzing infrastructure sector having focus on roads and realty projects, is looking to hit the markets with an IPO of close to Rs 3000 crore.
However, the JP Group management indicated that it is has been looking to dilute 15% stake in Japyree Infratech and is looking to raise nearly Rs 3000 crore form this process.
Meanwhile, Jaypee Infratech is in the process of building one of the most ambitious projects in India, the Yamuna Expressway and hopes to make profits once the project is completed by 2012.
Further, toll revenues from the first year would be around Rs 700 crore and should touch Rs 3000 crore by 2015-16 while the new issue of shares and offer for sale by Jaypee Infratech will soon roll out.
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