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DLF Postpones pre-placement before IPO

Thursday, August 03, 2006

DLF the Indian realtor which is planning a mega Rs13,000 crores(USD 2 Billion) IPO had decided to defer its $500 million FII pre-placement. DLF insiders inform that the promoters are trying to patch with existing shareholders of the company who missed the debentures issue(or were they purposely made to miss the bus???) will be compensated in the IPO by means of some reserved portion.

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