MoneyWorks4Me

DFL planning to raise funds via QIP on favorable market conditions

07 Feb 2019 Evaluate

DFL is planning to issue up to 17.3 crore shares through Qualified Institutional Placement (QIP) to raise funds, as part of its objective to become a debt-free company. The company will sell shares to institutional investors to raise about Rs 3,000 crore when market conditions are conducive.

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.

Peers
Company Name CMP
Lodha Developers 1109.05
Prestige EstatesProj 1434.40
Dilip Buildcon 409.70
DLF 653.90
Oberoi Realty 1734.10
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