DLF’s promoter sells 4.25 million shares to six other promoter entities

09 Jan 2013

Pia Singh, daughter of DLF Chairman KP Singh and one of the promoters of DLF has sold 4.25 million shares of the realty major worth nearly Rs 100 crore to six other promoter entities. These shares were sold on an average price of Rs 235 aggregating the deal size to Rs 99.86 crore.

In an inter-promoter transfer, shares were acquired by Kavita Singh, wife of Pia’s brother, and five other promoter entities --DLF Investments, Kohinoor Real Estates Company, Madhur Housing & Development Company, Sidhant Housing & Development Company and Vishal Foods & Investments.

Earlier in December 2012, DLF had informed that Pia Singh would sell up to 5 million shares or amounting to 0.29% stake in the company, at Rs 217.17 per share by January 31, 2013.

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