A sister company of Indian developer DLF Ltd has hired bankers to arrange a property trust IPO in Singapore in a deal worth as much as US$2bil. 

Other details:

• This planned real estate investment trust (REIT) by DLF Assets would be the second such offering on the Singapore stock market from India, following the popular July IPO by Ascendas India Trust.
• Goldman Sachs and Lehman Brothers were advising the company
• The IPO would raise about US$2bil
• It should be launched next year.
  (The Star, Malaysia(20/9/07))

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