DLF gets shareholders’ nod to issue 17.30 crore shares

Real estate developer DLF has received shareholders’ approval for proposal to issue 17.30 crore shares through either a public issue or private placement. Shareholders also approved the company’s plan to raise funds through issue of debentures and share warrants to promoters, the company said in a regulatory filing on Wednesday. The shareholders, in a meeting, also cleared the induction of group chief financial officer Ashok Tyagi into its board of directors as whole-time director along with Devinder Singh, managing director of subsidiary DLF Home Developers.