DLF is currently trading at Rs. 200.85, up by 2.80 points or 1.41% from its previous closing of Rs. 198.05 on the BSE.
The scrip opened at Rs. 199.75 and has touched a high and low of Rs. 204.20 and Rs. 184.60 respectively. So far 10,99,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 280.80 on 15-Jul-2011 and a 52 week low of Rs. 172.75 on 06-Jan-2012.
Last one week high and low of the scrip stood at Rs. 204.20 and Rs. 184.60 respectively. The current market cap of the company is Rs. 34,108.00 crore.
The promoters holding in the company stood at 78.60% while Institutions and Non-Institutions held 15.97% and 5.43% respectively.
DLF, country's largest realty player along with its joint venture partner Hubtown have sold 100% of their respective shareholding in DLF Ackruti Info Parks (Pune) (DLF Ackruti), for an aggregate consideration of Rs 810 crore to an entity controlled by real estate fund affiliated with the Blackstone Group, BRE/Mauritius Investment II, after obtaining all necessary approvals. 'DLF Ackruti' owns a notified IT/ITES SEZ located in Pune, Maharashtra.
Prior to the sale of their respective shareholding, DLF and Hubtown held 67% and 33% equity shares in 'DLF Ackruti' respectively. The above transaction is in line with the DLF's objective of divesting its non-strategic assets.
Earlier in September this year, the board of approval in the commerce ministry had given its nod to the proposal of DLF Ackruti Info Parks (Pune) for sale of shares to the foreign investor.
The matter of sale of equity in the SEZ to foreign investors was earlier referred to the law ministry, after the revenue department had objected. Board of approval came after the law ministry said the change in equity structure in the SEZ venture should not be treated as transfer or sale of land.