DLF Ltd, India’s biggest listed property developer, has sought shareholders consent to raise up to one hundred billion rupees by selling shares to institutional investors. The New Delhi-based company said in its yearly report for a shareholders meeting on Sept. 30 it estimated to complete the share sale within 1 year of getting shareholder consent. […]
Tag: Initial Public Offer
REMF Cleared By Finance Ministry
July 29, 2008 – 11:36 pm
The cloud on real estate mutual funds (REMF) has lifted. The finance ministry has brushed aside RBI’s concerns of REMFs violating foreign direct investment (FDI) norms in the realty sector. North Block has said the central bank’s concern stating that REMF scheme notified by Sebi in April contradicted FDI norms was unwarranted. The finance ministry […]
Emaar Purchases 1.36Percent Additional In Indian JV For Rupees 922 crore
February 1, 2008 – 11:42 pm
MUMBAI: The Dubai based Emaar group has purchased another 1.36% in its Indian joint venture Emaar MGF Land for Rs 922 crore, ahead of the initial public offer, which is considered to open on February 1. Emaar group has been assigned 13.37 million shares in the company, sources close to the arrangement said. The additional […]
