×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

DLF to raise up to Rs25 bn from PE investment

DLF to raise up to Rs25 bn from PE investment
Comment E-mail Print Share
First Published: Mon, Feb 02 2009. 02 54 PM IST
Updated: Mon, Feb 02 2009. 02 54 PM IST
New Delhi: DLF Ltd, India’s top listed real estate firm, hopes to raise Rs20-25 billion ($408-510 million) from private equity (PE) investment in its property trust in the March quarter, its vice chairman Rajiv Singh said on Monday.
Rajiv Singh said property prices could fall by up to 15% in the next three months.
New Delhi-based DLF on Saturday reported a 69% fall in quarterly profit to Rs6.71 billion ($137 million), while its revenue fell by 59%.
Comment E-mail Print Share
First Published: Mon, Feb 02 2009. 02 54 PM IST
More Topics: DLF | PE | Private Equity | Investment | Real Estate |