DLF Jumps Over 3% Post Deal with GIC

Posted By: Religare
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    Shares of DLF rose over 3 per cent on the Bombay Stock Exchange after real estate major sold 33.34 per cent stake in the rental arm, DLF Cyber City Developers (DCCDL), to the Singapore sovereign wealth fund, GIC, for Rs 8,900 crore.

    DLF Jumps Over 3% Post Deal with GIC
    DLF: Quotes, News
    BSE 197.35BSE Quote3.3 (-1.67%)
    NSE 197.90NSE Quote2.8 (-1.41%)

    Paring previous session losses, shares of the company gained as much as 3.19 per cent to hit intra-day high of Rs 185.50 apiece on the Bombay Stock Exchange. The stocks were currently trading at Rs 183.70 against previous close price of Rs 179.75.

    In a similar fashion, shares of the company were trading 1.78 per cent higher at Rs 183.30 apiece on the National Stock Exchange.

    Meanwhile, the broader benchmark BSE Sensex was trading at 31,517.17, down 233.65 points, or 0.74 per cent, at 12:05 hours.

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