Monday, June 11, 2007

DLF's Initial Share Sale May Raise Maximum $2.4 Billion on Property Boom

(Bloomberg) -- DLF Ltd., the developer attempting
India's second-biggest share sale, may raise the maximum 96.3
billion rupees ($2.4 billion) it is seeking after a shortage of
homes and offices spurred gains for rival Unitech Ltd.'s stock.

DLF, based in New Delhi, starts selling 175 million new
shares today at 500 rupees to 550 rupees apiece.


Read more at Bloomberg Emerging Markets News

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