Indian IPO

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Tuesday, November 14, 2006

DLF to file fresh draft prospectus by Dec-end

India’s largest real estate developer DLF will file fresh draft prospectus by December end, according to sources. The allotment of debentures will be done to DLF minority shareholders by December.

The Delhi-based company will hold its extra-ordinary general meeting, EGM today to sort minority shareholders' issue.

Debenture holders will get 400 shares of Rs 2 face value for each debenture. But there is no commitment to minority holders for right in IPO.

The company has formed committee to solve issues and it must give solution by December end.


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