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DLF rises on plan to sell three big-ticket non-core businesses

16 Jul 2012 Evaluate

DLF is currently trading at Rs. 209.00, up by 0.95 points or 0.46% from its previous closing of Rs. 208.05 on the BSE.

The scrip opened at Rs. 210.00 and has touched a high and low of Rs. 210.50 and Rs. 206.00 respectively. So far 282737 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. 169.55 on 04-Jun-2012.

Last one week high and low of the scrip stood at Rs. 215.80 and Rs. 206.30 respectively. The current market cap of the company is Rs. 35335.81 crore.

The promoters holding in the company stood at 78.59% while Institutions and Non-Institutions held 15.94% and 5.47% respectively.

DLF, India’s largest real estate developer, is planning to sell at least two out of its three big-ticket non-core business by the year end to cut debt. The company has decided to reduce its Rs 23,000 crore debt to about Rs 17,000 crore in this fiscal.

The company aims to raise Rs 6,500 crore from sale of non-core assets this fiscal, of which Rs 5,000 crore will be utilized to repay debt and the rest will be used for capital expenditure. It has put its luxury hospitality chain Amanresorts, wind energy and a huge land holding in Mumbai on the block as part of its plans to exit from non-core ventures and focus only on the property business.

DLF Share Price

609.05 12.10 (2.03%)
06-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 948.50
Dilip Buildcon 479.70
DLF 609.05
Oberoi Realty 1672.50
Ahluwalia Contract(I 853.00
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