DLF to launch $345 mln share sale on May 14

 

Real estate company DLF Ltd will raise up to 18.9 billion rupees through a share sale to institutional investors on May 14.

 

The company will sell about 81 million shares at a price band of 222 rupees to 233 rupees each, it said in a statement late on Saturday.

 

Shares in DLF, which is valued by the market at $7.4 billion, closed on Friday at 237.05 rupees, down 0.11 % from the previous close.