DLF is currently trading at Rs 243.25, up by 12.95 points or 5.62% from its previous closing of Rs 230.30 on the BSE.
The scrip opened at Rs 234.00 and has touched a high and low of Rs 243.70 and Rs 232.60 respectively. So far 1154039 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 289.20 on 12-Mar-2013 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 243.40 and Rs 228.55 respectively. The current market cap of the company is Rs 40667.33 crore.
The promoters holding in the company stood at 78.58% while Institutions and Non-Institutions held 16.94% and 4.48% respectively.
Realty major DLF's offer for sale of 8.1 crore equity shares to institutional investors, drawing a strong response, got oversubscribed by 1.3 times. The share sale, priced between Rs 227 and Rs 230 a share, saw bids of about 15 million shares, nearly twice that on offer.
The funds raised through the IPP route will help the company to retire some of its debt, pegged around Rs 20,000 crore and in bringing down its promoter holding from 78.58% to 75% to achieve SEBI’s public shareholding requirement. IPP, so far, has been the preferred route for increasing the public shareholding by real estate companies, including Godrej Properties and Prestige Estates.
DLF mandated 8 banks for the institutional placement sale. The selected banks are Bank of America-Merrill Lynch, Deutsche Bank, JPMorgan and Standard Chartered, along with CLSA, HSBC, Kotak, and UBS to handle the sale.
DLF, founded by billionaire Kushal Pal Singh, has a land bank of 10,255 acres, the biggest in the real estate sector. At its peak, its debt pile stood at Rs 23,000 crore.
Company Name | CMP |
---|---|
Dilip Buildcon | 457.95 |
Macrotech Developers | 1116.90 |
NBCC (India) | 132.20 |
Prestige EstatesProj | 1471.35 |
DLF | 837.35 |
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