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DLF seeks shareholders’ nod to raise Rs10,000 crore in equity
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8/29/2008 1:24:33 AM
DLF Ltd, the countrys largest listed property developer, has sought shareholders approval for raising up to Rs10,000 ($2.3 billion) by selling shares to institutional investors.

DLF has called a shareholders meeting on 30 September for the purpose and expects to complete the share sale within 12 months of the approval, the New Delhi-based company said in its annual report.

DLF had raised around Rs10,000 crore ($2.25 billion) in its initial public offer last year, and in July, the company said it would buy back shares worth Rs1,100 crore to boost sagging share prices.

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Posted Comments
good news

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Comment by : ewtwe     8/29/2008 5:59:18 AM
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