i Develop Stocks Advisory

DLF`s Rs 8,000 cr Singapore IPO likely by June 2008 Billionaire businessman K P Singh-promoted DLF Assets is likely to launch an initial public offer of its office trust in Singapore by June to raise over $2 billion (over Rs 8,000 crore). DLF Assets, which has been set up to acquire completed commercial projects of India's most-valued realty company DLF, is planning to file the updated prospectus soon for its proposed IPO to the Singapore authority, the market sources said. The earlier prospectus had financial information only till September 2007. DLF Assets had planned to float the IPO in January, but decided to delay its public offer in Singapore because of volatility in the stock markets across the world.