DLF files fresh DRHP with SEBI

New Delhi, Jan 3 (UNI) Delhi-based real estate developer DLF Limited today announced filing of fresh draft red herring prospectus for its Initial Public Offer to raise over two billion dollars with market regulator Securities and Exchange Board of India (SEBI).

The company proposes to enter the capital market with a public issue of 17,50,00,000 equity shares of Rs two each through 100 per cent book building process.

A leading player in residential, commercial and retail properties business, the company had filed a DRHP with Securities and Exchange Board of India on May 12 last year.

But put its IPO plans on hold citing a change in business. The financial details in the prospectus needed to be updated due to the lapse of about four months since the filing, it said.

Kotak Mahindra Capital Co Ltd and DSP Merrill Lynch Ltd are the global coordinators and managers for the issue.

Citigroup Capital Markets India Pvt Ltd, ICICI Securities Limited, Lehman Brothers Securities Private Limited, UBS Securities India Private Ltd and Deutsche Equities India Private Limited are the BRLMs. SBI Capital Market Ltd is the co-BRLM for the Issue.

Karvy Computershare Private Ltd is the registrar to the issue.

UNI