As it battles pre-IPO hiccups in a volatile market, construction major DLF was caught on the wrong side, the second time in the last three months, by Monopolies and Restrictive Trade Practices Commission who found the builder guilty of "unfair trade
Real estate giant DLF on Wednesday revived the process of entering the capital market through its initial public offer, being touted as the country's largest, to raise about Rs 13,600 crore
We are looking at all hotel segments-super luxury, four star, budget, business hotels and even service apartments.
Amid allegations, the Street is divided on how things will shape up going head. Analysts feel the stock could see increased volatility and remain under pressure in the near term.
DLF extends fall on corporate governance issues, down 10% in two days DLF is trading lower by 2.2% at Rs 219, extending its previous day's over 7.4% after Arvind Kejriwal, a social activist-turned-politician has accused the real estate developer of favouring Robert Vadra, son-in-law of Congress chief and the UPA Chairperson Sonia Gandhi, with easy loans for some undue gains.
The affidavit was filed following a direction from the tribunal last Thursday.
The company will finalise the final pricing for allotment of shares later.
According to sources, DLF raised the funds through issue of bonds with maturity period of five years with coupon rate of 12.5 per cent.
DLF's upcoming project Mall of India in Noida, projected to be one of the largest in the country, has been served a notice to stop all construction activities till a clearance from the National Board for Wildlife is obtained.
The country's largest real estate player, DLF, on Friday said it has approached the government for surrendering four of its IT-ITeS notified special economic zones (SEZ).
Sebi had imposed penalties on DLF, for entering into sham transactions.
Though the family controls and runs DLF, CFO Ramesh Sanka is said to be playing a key role in mapping the group's future strategy -- including the move to, now, construct lower-cost housing.
KK Sinha is a director in 2 firms - Gobinda Tea Trading and Kriti Infrastructures.
The liquidity squeeze-induced slump in demand has forced real estate leader DLF to fire some employees, put a number of hotel and housing projects on hold and yearn for 7 per cent home loan rates.
The DLF group has deferred the Singapore listing of DLF Office Trust, the real estate investment trust of DLF Asset, till the market condition improved, said sources close to the Gurgaon-based real restate group. DLF Asset has received investments worth $600 million from hedge fund DE Shaw and Lehman Bothers. DLF may now raise Rs 2,000 crore through private trusts or a private placement by March end.
Jyoti Randhawa edged out veteran Mukesh Kumar by one stroke to retain the DLF Masters crown at the DLF Golf and Country Club in Gurgaon on Sunday.
India's leading real estate developer DLF Ltd bagged the title sponsorship rights for the Indian Premier League extravaganza that is set to kick off on April 18 for Rs 40 crore per annum.
The SAT asked Sebi as to what it was doing all these seven years and why it did not object to the revised IPO documents.
After hearing the petition, filed by the country's largest real estate developer last week, the Tribunal adjourned the matter till October 30 next week, as it sought a response from capital markets regulator Securities and Exchange Board of India on DLF's plea for an interim relief.
15-acre complex to come up in Gurgaon in tie-up with US mega-realtor
Rahul, son of K P Singh's elder daughter Renuka, has joined DLF India Ltd as a 'senior management trainee' with a pay package of Rs 57,725 per month, besides other benefits.
The project will entail an investment of over Rs 60,000 crore (Rs 600 billion) and will be developed in a 50:50 joint venture with the Dubai-headquartered Limitless Holdings, a sister company of Nakheel and a part of the diversified Dubai World group
India's two corporate giants Tata Group and Mukesh Ambani owned Reliance Group have booked space in DLF Ltd's malls for rolling out their retail ventures.
This will help DLF cut its debt of Rs 22,519 crore.
Two-time winner Jyoti Randhawa, brought home a brilliant card of five-under 67 to grab a narrow one-stroke lead at the Rs 95 lakh DLF Masters golf tournament in Gurgaon, on Wednesday.
DLF, with Rs 1,14,745 crore (Rs 1,147.45 billion) market capitalisation, has grabbed the seventh position, relegating Infosys, with Rs 1,11,357 crore (Rs 1,113.57 billion) m-cap, to the eighth position.
In a setback to DLF, the competition Appellate Tribunal on Monday upheld the CCI order imposing Rs 630 crore penalty on the realty major for unfair business practices.
Realty major DLF's promoter Pia Singh on Tuesday picked up more than 1 crore shares of the company for Rs 194 crore from another promoter entity.
Traders said it is unusual that the grey market is active even after the issue subscription has closed. DLF grey-market shares were priced at Rs 525 per share.
DLF, which builds homes, offices and shopping malls, has lost about 61 per cent of its value since listing on the stock exchange in 2007, underperforming the wider market.
DLF has a land bank of 295 million sq ft, of which 50 million sq ft is under development.
In a significant judgement, the Monopolies and Restrictive Trade Practices Commission has found DLF Universal Ltd guilty of unfair trade practices for not completing construction within the stipulated time and charging extra money from clients for co
DLF Ltd has paid a whopping Rs 1,675 crore (Rs 16.75 billion) for 38 acres of land in west Delhi to DCM Shriram Consolidated Ltd and the Lohia Group.
The Indian ace had three bogeys in the front nine to shoot two-under 70 in the final round that gave him a 15-under 273 overall and his third title of the season.
It does not involve Amanresorts' flagship New Delhi hotel.
Rakesh Kerwell, director (north), DLF India Limited, said with the apex vacating the stay, the company will resume work on a war footing to make up for the time lost during the stay period since April 19.
However UBS maintains a buy with a price target of Rs 280.
