John

DLF Limited, the country's largest estate development company, is entering the capital market on June 11 with a public issue of Rs 175,000,000 equity shares of Rs 2 each through a 100 per cent book building process.

The issue closes on June 14 and the price band has been fixed at Rs 500 to Rs 550 per equity share.

Announcing this at a press conference here on Thursday, Mr Yogesh Verma, executive director, DLF, said that the issue will constitute 10.26 per cent of the fully diluted post-issue capital of the company. Of this issue, 1,000,000 shares of Rs 2 each will be reserved for subscription by employees while the remaining equity shares will be for the public.

DLF Limited which has locations in 31 cities throughout India, is a leading player in retail, residential and commercial complexes and is known for its flagship project-the DLF City in Gurgaon.