Journalism of Courage
India’s DLF Ltd is planning to sell up to 81 million shares and has mandated eight banks for the institutional placement sale,according to a term sheet.
The price range and size are yet to be determined,according to the term sheet,which also did not specify the timeframe.
DLF picked Bank of America-Merrill Lynch,Deutsche Bank,JPMorgan and Standard Chartered,along with CLSA,HSBC,Kotak,and UBS to handle the sale,according to the term sheet.
Kushal Pal Singh or K.P. Singh is the chairman and CEO of DLF Limited.
DLF shares were up 1.3 percent at 235.80 rupees as of 0404 GMT.
