Subsidiary of HCC (Hindustan Construction Company), Lavasa Corporation has said that it will be coming up with a public issue very soon.

HCC is a big infrastructure company and is known for being the maker of the famous Bandra-Worli Sea Link and the worth of the issue is expected to be 2,000 crore rupees.

The company said that it expects the issue to come by December of this year and the information was given by a senior official of HCC.

Talking to a private news agency, PTI, HCC's Group Chief Financial Officer Praveen Sood said, "We have filed our Draft Red Herring Prospectus with SEBI (Securities and Exchange Board of India). We hope to hit the capital markets by December, subject to the clearances from SEBI."

As per the information given, all the money will be raised through 100 per cent book-building process. And for assessing and managing the situation, Morgan Stanley, Kotak Mahindra Capital, Axis Bank and ICICI Securities.

Lavas is being developed by Lavasa Corporation and will be developed on a hilly spread with 12,500 acres of land.