Lanco Infratech Ltd (LAIN.BO)
3 May 2016
NEW DELHI Lanco Infratech Ltd is looking to raise as much as $1 billion over the next 18 months through a stake sale and a listing of its power assets as it seeks to pare back a heavy debt load, its chief financial officer said.
* Seeks to raise capital via stake sale, listing of power assets
NEW DELHI, Nov 24 India's Lanco Infratech Ltd is looking to raise between $750 million and $1 billion over the next 18 months through a stake sale and listing of its power assets to cut its debt, its chief financial officer said on Tuesday.