(Bloomberg) -- Shares of DLF Ltd., the Indian
property developer controlled by billionaire Kushal Pal Singh,
rose 8 percent on listing, lifted by demand from investors who
missed out on the country's biggest initial stock sale.
The stock debuted today at 568.80 rupees on the Bombay
Stock Exchange at 9:55 a.m., 43.80 rupees more than the IPO
price. DLF traded at 546.5 rupees, up 4.1 percent, at 11:33 a.m.,
valuing the New Delhi-based developer at 923 billion rupees ($23
billion).
Read more at Bloomberg Emerging Markets News
property developer controlled by billionaire Kushal Pal Singh,
rose 8 percent on listing, lifted by demand from investors who
missed out on the country's biggest initial stock sale.
The stock debuted today at 568.80 rupees on the Bombay
Stock Exchange at 9:55 a.m., 43.80 rupees more than the IPO
price. DLF traded at 546.5 rupees, up 4.1 percent, at 11:33 a.m.,
valuing the New Delhi-based developer at 923 billion rupees ($23
billion).
Read more at Bloomberg Emerging Markets News
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