DLF to consider QIP, warrants issue on December 1

29 Nov 2017 Evaluate

DLF is mulling to issue equity shares to institutional investors and warrants or debentures to promoters. In this regard, the company has called a board meeting on December 1, 2017. The company is required to launch qualified institutional placement (QIP) and also issue of warrants or debentures because of proposed infusion of about Rs 10,500 crore by promoters into the company.

Infusion of capital by promoters would lead to increase in promoters stake in the company to more than 75%. So, the company will have to launch a QIP to maintain the minimum public shareholding limit of 25%.

DLF is one of India's biggest property developers. The company’s primary business is development of residential, commercial and retail properties. The company has a unique business model with earnings arising from development and rentals.

DLF Share Price

898.30 17.55 (1.99%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Dilip Buildcon 456.85
Macrotech Developers 1133.75
NBCC (India) 119.05
Prestige EstatesProj 1177.50
DLF 898.30
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.