DLF to sell $345 mln share on May 14

Posted By: Religare
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Country's largest real estate developer by revenue DLF announced to raise up to 18.9 billion rupees through a share sale to institutional investors on May 14.

The company in a statement disclosed that it will sell about 81 million shares at a price band of 222 rupees to 233 rupees each.

Shares in DLF, which is valued by the market at USD 7.4 billion, closed 0.11 per cent lower at Rs 237.05 a piece on Friday from the previous close.

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