Oppenheimer hikes stake in DLF to 5.18%

15 Apr 2013 Evaluate

US-based foreign fund Oppenheimer has increased its stake in realty major DLF to 5.18%, which is worth nearly Rs 2,200 crore at current valuation. OppenheimerFunds, registered as an FII in India, has bought 32.77 lakh shares of the company or 0.19% from an open market transaction on April 11, 2013.

OppenhiemerFunds already had 4.99% stake in DLF prior to this transaction and the holding rose to 5.18% after this transaction. The promoters of the company currently has 78.58% stake.

The company has reported net loss of Rs 42.11 crore for third quarter ended December 31, 2012 as compared to a net profit of Rs 355.70 crore for the same quarter in the previous year. Total income from operation of the company has decreased by 46.24% at Rs 664.52 crore for quarter under review as compared to Rs 1236.00 crore for the quarter ended December 31, 2011.

DLF Share Price

405.50 -3.30 (-0.81%)
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