Monday, June 11, 2007

REVENUE STRATEGY - DLF LTD

1. DLF Ltd., the developer attempting India's second-biggest share sale, may raise the maximum 96.3 billion rupees ($2.4 billion) it is seeking after a shortage of homes and offices spurred gains for rival Unitech Ltd.'s stock. (Unitech stock surged 33-fold in two years as Asia's fastest wage growth prompted more of the nation's 1.1 billion people to buy homes).
2. It will use the proceeds to build apartments and offices and increase land purchases in a market estimated to be seven times larger by 2015.
3. Residential space will account for about 71 percent of DLF'S 526 million square foot development plan, according to share-sale documents.

More investment = more revenue (in a growing market)

[Click here for full story at: BLOOMBERG.COM]

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