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DLF's IPP subscribed twice asking amount

The response to DLF‘s Institutional Placement Programme (IPP), has been understood to be twice the asking amount already. DLF shares have been bought by mostly foreign institutional investors (FII). This institutional placement programme is to pare DLF‘s debt to meet Sebi guidelines of having a 25 percent minimum float by the month of June.

first published: May 14, 2013 05:00 pm

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