DLF catches the fancy of WSJ
If the real estate market in India becomes the object of attention for Knowledge@Wharton, why would WSJ not take notice ?
In a latest story, WSJ takes a look at DLF and their planned IPO and writes:
By area of completed residential and commercial developments, New Delhi-based DLF is India’s biggest property developer. It is offering 10% of the company in an IPO that at the top end of the range could raise $2.36 billion. Shares will be priced between 500 rupees and 550 rupees ($12.37 and $13.61), and will be on sale from Monday through Thursday. Trading on India’s National Stock Exchange and Bombay Stock Exchange is set to start in the first week of July.
The offer will be roughly twice the size of India’s biggest IPO to date, according to research firm Thomson Financial. That was by oil-and-gas company Cairn India, which raised $1.18 billion in December.
Read the entire story here.
