DLF Ltd is planning to raise Rs 10,000 crore over the next one year. The shareholders will pass an enabling resolution to this effect in the next annual general meeting which will be held on September 30, 2008. According to a DLF spokesperson,”This is a normal procedure to raise money. We need the shareholders approval to raise money. This process authorizes us to raise money up to Rs 10,000 crore.” The real estate company may not raise the absolute amount. It may raise funds for a smaller amount. The resolution is valid for one year, until the next AGM takes place.

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