Paranjape Schemes files for up to 6 billion rupees IPO

MUMBAI (Reuters) - Real estate developer Paranjape Schemes (Construction) Ltd has filed a draft prospectus with the market regulator for an initial public offering to raise up to 6 billion rupees ($94.70 million).

Axis Bank and IDFC are the managers for the issue, the draft prospectus showed.

($1 = 63.3610 rupees)

(Reporting by Abhishek Vishnoi; Editing by Biju Dwarakanath)