Radhe Developers India is planning to enter into new venture of leisure & hospitality business and for the purpose the Company is making discussion to acquire a resort in Cochin.

Presently, the Company is presently engaged in the construction Sector. However, the details of acquisition of resort will be intimated as and when finalized.

Last month, Ashish Patel and Prafulbhai Patel-prompted-Radhe Developers, has announced its plan to raise Rs 500 crore through various funds raising routes from domestic and international markets.

Ashish Patel and Prafulbhai Patel-prompted-Radhe Developers, has decided to raise Rs 500 crore through various funds raising routes from domestic and international markets.

The board of directors has already sanctioned its approval to raise Rs 500 crore by private placement of shares with buyers and from Global Depository Receipts
(GDRs).

However, the proposal is subjected to the regulatory sanctions, approvals and consents.