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Wednesday, October 17, 2007
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IPO News
Oct 11 2007 3:02PM
India~s DLF to raise $1.5 bln loan overseas

MUMBAI, Oct 11 (Reuters) - DLF Ltd <DLF.BO>, India's most valuable real estate firm, said on Thursday its board had approved raising an overseas loan of up to $1.5 billion and investing up to $750 million in its local and overseas business.

The company also said it would spend up to $750 million in participating in the proposed initial public offer of DLF Offices Trust, Singapore. ((Reporting by Rina Chandran, editing by Ranjit Gangadharan; Reuters Messaging: [email protected]; +91 22 6636 9251)) Keywords: DLF LOAN/

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