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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.
