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DLF might delay the IPO for a couple of months
This is a discussion on DLF might delay the IPO for a couple of months within the News and Views from the Business World forums, part of the News and views category; DLF Universal is one of the leading real estate developers in the Indian market and they are due to come ...
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07-17-06, 12:54 AM
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| Gold Member Join Date: Jul 2006 Location: Chandigarh, India
Posts: 525
Rep Power: 4  |  DLF might delay the IPO for a couple of months DLF Universal is one of the leading real estate developers in the Indian market and they are due to come out with their initial public offering since quite sometime. However, the latest market rumors suggest that the company might delay the launch of this IPO till September this year. The stock market in India is behaving in a very volatile manner right now and it already has Air Deccan as a victim whose IPO crashed badly on the first day of trading. DLF cannot afford to take a chance in this kind of turbulence in the Indian stock market and would be better off delaying the IPO launch for a couple of months. The company has plans to raise more than $2 billion through this IPO. DLF has however declined to comment on these rumors floating in the market. |
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