According to BS research, this makes K P Singh the fourth richest Indian by today's market capitalisation, after Mukesh Ambani, Anil Ambani and Sunil Mittal. He overtakes Wipro's Azim Premji, who ranks immediately after him.
The issue received 41.31 crore bids for its 17.5 crore equity shares on offer, the data available on the stock exchanges show.
Huge share offerings may lead to record inflow in 2007.
Leading real estate developer DLF Ltd, which is aiming to raise up to Rs 9,625 crore (Rs 96.25 billion) through its initial public offer, plans to set up three townships in Chandigarh and its suburbs and Shimla.
According to DLF, the company has a land bank of 10,255 acres, of which 70% is in the metro cities, with 50% being in the National Capital Region alone.
Real estate major DLF Universal has withdrawn the draft red herring prospectus for its initial public offer and called off its $3 billion IPO.
In its filing dated March 29, the company has said that its ability to develop the land reserves and generate the estimated developable area are subject to a number of risks such as defective title to the lands which could be legally challenged.
DLF has entered the elite group of companies that have a market valuation of over Rs 2 trillion.
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.
Its market cap jumped to Rs 1,00,053 crore (Rs 1.00053 trillion) just before today's closing and settled at Rs 99,733 crore (Rs 997.33 billion) as compared to Rs 96,575 crore (Rs 965.75 billion) on Tuesday.
The shares got listed at Rs 582, a 10.85 per cent premium over issue price of Rs 525.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The 50-share Nifty bounced 83.35 points, or 0.86 per cent, to 9,794.15 at close.
The broader Nifty ended on top of 9,800 again.
Real estate bill seeks to impose penalties, including de-registration of the project and other fines in case of a breach.
Sensex, Nifty post biggest weekly fall this year on inflation data.
Banking stocks felt the heat due to worries that the lending rate cuts will hit their bottom line
Top 100 billionaires see their wealth rise 10%; top 20 account for half of total wealth of top 100.
Housing sector to benefit from Budget.
The case relates to development and sale of residential units in Gurgaon.
The rise of the mall in India, at a time when many in the United States are becoming debt-ridden white elephants.
The BSE Realty Index is on a downhill journey.
The recent meeting of chief justices and chief ministers skirted vital issues, which could have helped in improving the efficiency in the functioning of courts
Largest deal in thermal power space; Lanco to use proceeds to lower debt.
Amid the Bharatiya Janata Party governments at the Centre and in Haryana beginning to turn the heat on him, businessman Robert Vadra, also the son-in-law of Congress President Sonia Gandhi, recently ensured his companies filed their pending balance sheets.
Cleaning up India's grubby business climate is top of the agenda for both regulators and the government.
It has been a difficult year for Singh, whose fate from the start has been closely tied to that of the Gandhi family.
The Reserve Bank of India cut its repo rate by 25 basis points to 6.50 per cent.
DLF has long been embroiled in a controversy over a deal that brought windfall profits to Robert Vadra, son-in-law of United Progressive Alliance Chairperson Sonia Gandhi.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances