DLF rises on plan to reduce debt to Rs 12,000

21 Aug 2014 Evaluate

DLF is currently trading at Rs. 202.10, up by 0.90 points or 0.45% from its previous closing of Rs. 201.20 on the BSE.

The scrip opened at Rs. 200.00 and has touched a high and low of Rs. 202.60 and Rs. 199.90 respectively. So far 197432 shares were traded on the counter.

The BSE group 'A ' stock of face value Rs. 2 has touched a 52 week high of Rs. 242.80 on 09-Jun-2014 and a 52 week low of Rs. 121.00 on 04-Sep-2013.

Last one week high and low of the scrip stood at Rs. 203.00 and Rs. 190.65 respectively. The current market cap of the company is Rs. 36006.60 crore.

The promoters holding in the company stood at 74.92% while Institutions and Non-Institutions held 20.36% and 4.72% respectively.

DLF is planning to reduce its debt to Rs 12,000-14,000 crore by FY17 through asset monetisation and increasing cash-flows from sales. As of FY’14, the largest realty major had a debt of Rs 19,000 crore. Moreover, the company is looking at selling some of its non-core assets. Besides, the company will also use the cash flows from sales to pare debt.

The country’s largest realty company, which has been on a drive to sell its non-core assets, achieved non-core sales of Rs 5,930 crore by selling its wind energy business, insurance business and hospitality venture Aman Resorts, besides getting a refund from the government for its Dwarka project and the institutional placement programmes.


DLF Share Price

396.45 4.30 (1.10%)
25-Nov-2022 18:01 View Price Chart
Company Name CMP
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