DLF to withdraw offer document, to re-file with updated information

Top Indian real-estate company DLF Ltd on Thursday announced that it will withdraw its draft public offer document and re-file it with updated information. This would further delay the IPO which was expected to raise a record $3.5 billion. The IPO was expected to hit the markets sometime in the past two months. But, the promoters postponed the issue due to un-favorable market conditions.

Source : Equity Bulls

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