RAK India plans to go public

MUMBAI, Aug 19 (PTI): RAK India, the domestic arm of the UAE-based tiles maker RAK Ceramics, is planning to go public through an initial public offering (IPO) when market conditions become conducive.
"The right time to raise the capital from the primary market is a combination of the time for the company and also the market conditions," RAK Ceramics global chief executive Abdallah Massaad told the news agency.
Elaborating further, Massad said, "We will launch the IPO when we feel that we are ready for the capital markets and the market is going through the right dynamics."