Infrastructure company, Montecarlo, is planning to restructure its business to get listed on BSE next year, reports Mint.Its restructuring will involve a plan to create a separate entity for its real estate business while merging all its engineering, procurement and construction (EPC) operations into the parent company to simplify the company's structure.This is going to bring together all the infrastructure companies including Montecarlo Energy, Montecarlo Projects, Montecarlo Engineering and Montecarlo Infrastructure under Montecarlo Limited, which is the parent company.Its businesses which are catering to real estate, Montecarlo Realty and Montecarlo Construction, will be demerged from the company. This will simplify the structure while an IPO of the parent company will help fund both the separate entities.This restructuring is expected to be completed by March.Many infrastructure companies have gone public in the recent past. For instance, construction company, Dilip Buildcon, which was listed last year, raised Rs 664 crore and was subscribed 21 times.
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