Realty major DLF has raised Rs 1,863 crore through issue of over 81 million fresh shares to institutional investors, enabling it to dilute promoters stake to 75 per cent, in line with the Securities and Exchange Board of India's (Sebi) minimum public
On the heels of giving a clean chit to Robert Vadra in his controversial Gurgaon land deal with realty major DLF, the Haryana government has sought an explanation from IAS officer Ashok Khemka for alleged irregularities in cancelling the deal.
DLF is trading higher by 2.1% at Rs 275 after its board approved the issuance of fresh equity shares to dilute promoter group holding in the company to meet Sebi norms of 25% minimum public shareholding.
DLF’s board of directors today approved a plan to sell shares, either through an institutional placement or other methods, to reduce minimum public shareholding in the company in line with Securities and Exchange Board of India (Sebi)
Major real estate player DLF's board of directors will meet tomorrow to consider issuance of over 80 million fresh equity shares, estimated to be over Rs 2,000 crore, to meet Sebi's guidelines on minimum public shareholding.
DLF Ltd, India's biggest property developer, said its board of directors will meet on Wednesday to consider the sale of shares to institutional and retail investors to comply with the minimum public shareholding rules.