DLF slips in red after rising over 3% as it seals JV deal with GIC

Realty major DLF wiped off all its morning gains to slip in red on Monday after the company on Sunday said it has entered into a joint venture (JV) with GIC to build rental assets in India. READ FULL REPORT HERE 

The promoters sold 33.34% stake in the rental arm to the Singapore sovereign wealth fund for Rs 8,900 crore.

Reacting to the development, the stock surged as much as 3% to Rs 192 in the early trade. The stock pared all its gains to hit its intraday low of Rs 180, down 2%.   

In the biggest deal