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Promoter Of DLF Sells Shares

Pomoter of India’s largest real estate company DLF, has sold $800 million of his shares

By LIFS June 4, 2009 at 1:36 PM
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K. P. Singh, promoter of India’s largest real estate company DLF, has sold $800 million of his shares, partly to cover losses incurred by another of his companies as a result of the crash in India’s property prices. The shares were sold for under $5 per share, less than half the $11/ share IPO price in 2006. 

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Business | Magazine | June 2009

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