DLF strengthens on plan to pare its debt by Rs 2,000 crore by March-end

03 Jan 2014 Evaluate

DLF is currently trading at Rs. 167.45, up by 0.85 points or 0.51% from its previous closing of Rs. 166.60 on the BSE.

The scrip opened at Rs. 165.25 and has touched a high and low of Rs. 169.35 and Rs. 163.50 respectively. So far 365743 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. 120.25 on 06-Aug-2013.

Last one week high and low of the scrip stood at Rs. 175.00 and Rs. 164.75 respectively. The current market cap of the company is Rs. 29910.16 crore.

The promoters holding in the company stood at 74.95% while Institutions and Non-Institutions held 19.97% and 5.08% respectively.

DLF, the country’s largest real estate company will pare its debt by Rs 2,000 crore to Rs 17,500 crore by March-end. This paring of debt will be hopefully aided by the Aman Resorts’ sale that has been on the blocks for over two years now. The company is likely to launch two new projects in the new Gurgaon area in 2014.

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.


DLF Share Price

350.45 1.85 (0.53%)
29-Sep-2022 18:01 View Price Chart
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