US pair buy into Indian property fund as float soars

Shares in Indian real estate group DLF today leapt 11% on its record 124bn rupees (€2.25bn) market debut, after the company received a boost from US investment in its flagship property fund.

DLF Shares jumped today from an issue price of 525 rupees to 582.5 rupees on the Bombay stock exchange in India's largest flotation to date.

WSJ Logo