Real estate company DLF is all set to mop up around Rs 1890 crore through a share sale to institutional investors on May 14, 2013. The company will sell about 81 million shares in a price band of Rs 222 to Rs 233 each.
Recently, the company had garnered Rs 750 crore through issue of bonds with maturity period of five years and at a coupon rate of 12.5%. The realty major will use the funds for development of its housing and commercial projects.
DLF, together with its subsidiaries, joint ventures and associates the group is primarily in the business of real estate development. The company has a unique business model with earnings arising from development and rentals.
| Company Name | CMP |
|---|---|
| Lodha Developers | 871.70 |
| Dilip Buildcon | 457.55 |
| DLF | 601.80 |
| Oberoi Realty | 1710.00 |
| Ahluwalia Contract(I | 832.90 |
| View more.. | |
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