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Promoters infuse Rs 2,250 crore in DLF against issuance of new equity share

To finish the capital infusion process, the DLF board has now allotted 138.1 million equity shares - at Rs 217.25 each - against the convertible debentures

DLF Building
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Arnab Dutta New Delhi
Promoters of realty major DLF have infused Rs 2,250 crore in the company against issuance of new equity shares. The fresh infusion through two holding entities — Rajdhani Investments & Agencies and DLF Urva Real Estate Developers & Services —  takes the promoters’ collective stake to 74.95 per cent in the company.

The Gurugram-headquartered company on Thursday informed the BSE that the current tranche of capital invested concludes the induction of capital of Rs 11,250 crore by the promoter/promoter group as planned in December 2017. 

In 2017, the DLF board had chalked out a ‘game-changer’ plan, encompassing stake sale in
Topics : DLF

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First Published: Jun 27 2019 | 9:41 PM IST

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