Epic Update : DLF

DLF Ltd. is likely to sell 4.7 per cent of its stake or around 8.1 crore shares through institutional placement programme (IPP) to satisfy Sebi’s norm of minimum 25 per cent float, said the media reports. At present, the promoters of DLF hold nearly 78.58 per cent stake in the company. However, to meet the Sebi norm, the promoters will not be required to offload any of their shares as it will be made by a fresh equity sale through IPP route. The real estate major is likely to introduce the IPP in April next year, the report added.

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