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DLF gains nearly 2% on strong response for share sale

By Religare

Shares of real estate firm DLF climbed nearly 2 per cent in early trade on Bombay Stock Exchange (BSE) after the company received strong response from institutional investors for its share sale programme.

As per data on the NSE's website showed late Tuesday, the company, which proposed to raise between Rs 1,799 and Rs 1,888 crore through institutional placement programme (IPP), received bids for 147.7 million shares.

Buoyed by development, shares of company gained as much as 1.91 per cent to trade at Rs 234.70 a piece on the BSE.


In a similar fashion, shares of the company were quoting at Rs 233.40 a piece, up 1.37 per cent on the National Stock Exchange (NSE).

Meanwhile, the broader benchmark Sensex was quoting at 19,944.95, up 222.66 points or 1.13 per cent at 9:45 hours.

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