Comments
DLF is planning to offload up to 8.1 crore shares at a price that would be announced later.
The New Delhi-based real estate firm has mandated Bank of America-Merrill Lynch, Deutsche Bank, J.P. Morgan and Standard Chartered as joint global co-ordinators and book-running lead managers, according to a term sheet.
CLSA, HSBC, Kotak and UBS are the book-running lead managers to the issue. The price range and issue dates would be announced at least one trading day before opening of the books, the term sheet said.
There would be 90-day lock-up period for the issuers Panchsheel Investment Co, Sidhant Housing & Development Co and promoters Rajiv Singh and K. P. Singh.
A minimum of 25 per cent would be allotted to mutual funds and insurance companies.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.