EWDL files Draft Red Herring Prospectus
Entertainment World Developers Ltd (EWDL) has filed its Draft Red Herring Prospectus with SEBI for issue of its Equity Shares at a price to be discovered pursuant to a 100% Book Built Process. EWDL proposes to make a public issue of 38,928,943 Equity Shares of face value Rs10 each. The Book Running Lead Managers to this issue are ICICI Securities Ltd, Kotak Mahindra Capital Company and Edelweiss Capital Ltd.
EWDL is engaged in owning, developing, managing and operating urban city shopping centers, developing and selling residential townships, and owning, developing and leasing hospitality properties in fast growing and emerging cities in India (i.e., emerging non-metropolitan cities).
EWDL is in the process of developing 23.33 million square feet of Developable Area spread over eleven Ongoing Projects and three Forthcoming Projects in eight emerging cities across seven states in India. The Portfolio includes mixed use retail properties and residential townships in cities including Indore, Raipur, Jabalpur, Bhilai, Chandigarh, Udaipur, Ujjain, Nanded, Vadodara, Trivandrum and Amaravati. EWDL currently has three operational malls. The Company has also launched three residential townships.