Elevate Campuses Plans $267 Million India IPO in August

Elevate Campuses Said to Launch $267 Million India IPO in August

Hillhouse Investment Management Ltd.-backed Elevate Campuses Ltd. is preparing to launch its 25.55-billion rupee ($267 million) initial public offering as early as August, according to people familiar with the matter, paving the way for India’s first listed operator of student dorms.

By Rajesh Mascarenhas and Baiju Kalesh