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DLF advances on transferring shopping mall to its subsidiary in Noida

03 May 2019

DLF is currently trading at Rs. 178.25, up by 6.30 points or 3.66% from its previous closing of Rs. 171.95 on the BSE.

The scrip opened at Rs. 172.05 and has touched a high and low of Rs. 178.95 and Rs. 172.00 respectively. So far 404266 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 224.10 on 08-May-2018 and a 52 week low of Rs. 141.20 on 19-Oct-2018.

Last one week high and low of the scrip stood at Rs. 178.95 and Rs. 167.15 respectively. The current market cap of the company is Rs. 39343.73 crore.

The promoters holding in the company stood at 71.91%, while Institutions and Non-Institutions held 22.43% and 5.66% respectively.

DLF has transferred shopping mall in Noida, Uttar Pradesh to one of its subsidiaries- Paliwal Real Estate for Rs 2,950 crore, as part of efforts to settle dues of its joint venture firm with GIC.

DLF has to pay Rs 8,700 crore to the DLF Cyber City Developers (DCCDL), which is a joint venture firm of DLF and Singapores' sovereign wealth fund GIC. It wants to settle this dues by September this year through transfer of rental assets and land parcels.

DLF is one of India's biggest property developers. The company’s primary business is development of residential, commercial and retail properties. The company has a unique business model with earnings arising from development and rentals.

DLF Share Price

303.10 0.50 (0.17%) Jun 22, 12:27
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