Nitesh’s IPO plans on track; inducts Darius Udwadia on Board

Nitesh Estates, a property developers in South India, has inducted Darius Udwadia, Partner at Udwadia & Udeshi, on its Board of Directors. Nitesh is planning to raise an IPO of Rs 550 crores ($114 Million) by this year-end. Darius Udwadia is also on the Board of ABB Limited, JM Financial Ltd, Development Credit Bank etc.