The stock finally ended at Rs 236, down 1.5%. The counter clocked a volume of 179.85 million shares today.
______________________________________________________
(Updated at 1037 hrs)
DLF surged 8% to a high of Rs 255 in early trades on the back of promoters decision to offload nearly 10% stake (168 million shares) to institutionl investors.
The stock is now trading at Rs 248 - up over 5%. The counter has clocked heavy volumes of around 171.5 million shares so far on the BSE.
As per the news, the deal was supposed to be striked in a price range Rs 223-Rs 230 per share. The lock in period for these shares would be 180 days.
Earlier the promoters of the company had plans to sell 6-7% stake to FIIs.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app