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Kushal Pal Singh company DLF sets IPO price band at Rs 500-550 valuing company at $23 billion

The severe correction on the realty counters in the recent past has affected the pricing of the DLF Universal initial public offering.  India’s largest real estate company has set the price band for its proposed IPO between Rs 500 and Rs 550, against expectations of Rs 600.

At the upper end of the new price band, the company’s market capitalisation will be Rs 93,500 crore ($23 billion), far below earlier projections

read the rest of the story published by Hindustan Times here:

http://www.hindustantimes.com/StoryPage/StoryPage.aspx?id=7224546c-c408-4e12-88d2-b837a6df4c39&ParentID=a9c1401d-00c1-4bd2-80c0-47a76cdf83ee&MatchID1=4468&TeamID1=2&TeamID2=4&MatchType1=1&SeriesID1=1110&PrimaryID=4468&Headline=DLF+sets+IPO+price+band%26nbsp%3bat+Rs+500-550