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In April this year, Unitech, which was teetering on the verge of debt default, raised Rs1,625 crore through qualified institutional placement (QIP). On 14th May, DLF raised Rs3,860 crore by diluting 9.9% of promoters’ equity. Indiabulls Real Estate followed raising Rs2,656 crore by diluting 9.3% of the promoters’ stake through a QIP. Apart from this, banks have started lending money to...
