DLF preps first $620m institutional fundraise since 2013

DLF is preparing to tap equity investors for the first time in four years, as shares in the Indian real estate firm reach a level not seen since 2013.

  • By John Loh
  • 04 Dec 2017


Its board approved the fundraising on Friday, DLF said in a stock exchange announcement. The company will seek shareholder approval on December 27.

The offering is expected to take the form of a private placement or qualified institutional placement in which DLF could issue up to 173m ...

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