DLF to offer 17.30 crore shares on private placement basis

DLF has received approval to offer upto 17.30 crore equity shares of Rs 2 each in one or more tranches by way of private placement, including Qualified Institutions Placement (QIP). The Board of Directors of the company at its meeting held on December 12, 2018 has approved the same.

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.