Subject category:
Finance, Accounting and Control
Published by:
IBS Research Center
Length: 11 pages
Data source: Published sources
Topics:
Real estate; India; Initial Public Offering (IPO); Window dressing; Valuation; Corporate governance; DLF (Delhi Leasing and Finance Limited); Stock split; Market capitalisation; NAV (net asset value); Capital market; Gurgaon; Listing; Rights issue; SEBI (Securities and Exchange Board of India)
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Abstract
Launched in 1947, the DLF group (Delhi Leasing and Finance Limited), is one of India's largest construction companies that specialises in building townships in and around the Indian capital city of Delhi. Its business comprises constructing residential, commercial and retail building spaces. In 2006, DLF launched its IPO (initial public offering) in the Indian capital market. DLF faced allegations that it had window dressed its financial statements to launch the IPO at a higher price. Analysts felt that the timing of the launch was wrong. The issue also raised suspicion with respect to corporate governance practices followed by DLF.
Location:
Other setting(s):
2007
Subject category:
Finance, Accounting and Control
Published by:
IBS Research Center
Length: 17 pages
Data source: Published sources
Subject category:
Finance, Accounting and Control
Published by:
IBS Research Center
Length: 2 pages
Data source: Published sources
Topics:
Real estate; India; Initial Public Offering (IPO); Window dressing; Valuation; Corporate governance; DLF (Delhi Leasing and Finance Limited); Stock split; Market capitalisation; NAV (net asset value); Capital market; Gurgaon; Listing; Rights issue; SEBI (Securities and Exchange Board of India)
About
Abstract
Launched in 1947, the DLF group (Delhi Leasing and Finance Limited), is one of India's largest construction companies that specialises in building townships in and around the Indian capital city of Delhi. Its business comprises constructing residential, commercial and retail building spaces. In 2006, DLF launched its IPO (initial public offering) in the Indian capital market. DLF faced allegations that it had window dressed its financial statements to launch the IPO at a higher price. Analysts felt that the timing of the launch was wrong. The issue also raised suspicion with respect to corporate governance practices followed by DLF.
Settings
Location:
Other setting(s):
2007
Related
Subject category:
Finance, Accounting and Control
Published by:
IBS Research Center
Length: 17 pages
Data source: Published sources
Subject category:
Finance, Accounting and Control
Published by:
IBS Research Center
Length: 2 pages
Data source: Published sources
Topics:
Real estate; India; Initial Public Offering (IPO); Window dressing; Valuation; Corporate governance; DLF (Delhi Leasing and Finance Limited); Stock split; Market capitalisation; NAV (net asset value); Capital market; Gurgaon; Listing; Rights issue; SEBI (Securities and Exchange Board of India)